The Reserve Bank of India left its key interest rates unchanged on Thursday, while markets widely expected the bank to move in tandem with its major counterparts. Nonetheless, the RBI kept the door open for more tightening if situation warrants.
The six-member Monetary Policy Committee, led by the RBI Governor Shaktikanta Das, unanimously voted to keep the repo rate unchanged at 6.50 percent. Markets had expected a quarter-point increase in the key policy rate.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com