Global Economic News

India Holds Key Interest Rates As Expected; Raises Growth Outlook

India's central bank kept its key interest rates unchanged for the eighth straight session on Thursday and pledged to maintain the disinflationary stance until inflation aligns with the target on a durable basis amid faster economic growth.

The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent.

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by Renju Jaya

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