The Reserve Bank of India left its benchmark interest rates unchanged, as widely expected, while surging food prices forced policymakers to turn hawkish.
After the three-day Monetary Policy Committee meeting, RBI Governor Shaktikanta Das on Thursday said policymakers unanimously decided to keep the policy repo rate unchanged at 6.50 percent with preparedness to act, should the situation so warrant. The status quo decision was unanimous.
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by Renju Jaya
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