The Reserve Bank of India left its benchmark rates unchanged for the fifth straight session as policymakers assessed that the impact of the past rate hikes are yet to be fully felt on the economy, and the bank maintained a hawkish stance citing the risk of food price shocks derailing the disinflation process.
The Monetary Policy Committee of the Reserve Bank of India, headed by Governor Shaktikanta Das, unanimously decided to hold the policy repo rate at 6.50 percent.
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by Renju Jaya
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