India's central bank kept rates steady at 5.5%, in line with a Reuters poll. The effects of the RBI's outsized rate cut of 50 basis points in June have yet to filter through the economy, its governor ...
Economists polled by Reuters had forecast the policy rate to remain unchanged at 5.25%.
The RBI has held its repo rate steady at 5.5% as it balances growth and currency risks. It has sharply cut its inflation forecast, but it's cautious about INR weakness. A rate cut in December is a ...
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