India's central bank left its benchmark interest rate unchanged for the fourth straight session on Friday but cited high inflation as a major risk to stability and sustainable growth and raised the possibility of open market bond sales to absorb excess liquidity.
The Monetary Policy Committee of the Reserve Bank of India unanimously decided to hold the policy repo rate at 6.50 percent.
The repo rate was kept unchanged for the fourth straight session. The RBI has lifted the benchmark rate by 250 basis points since May 2022 to tame high inflation.
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