India's central bank on Wednesday held benchmark interest rates at 5.25% as strong growth allows it room to keep policy tight at a time when the Iran war has raised inflation risk. Economists polled by Reuters had forecast the policy rate to remain unchanged. The monetary policy committee thinks the intensity and the duration of the conflict, along with the resulting damage to the energy and other infrastructure, pose a "risk to the [India's] inflation and growth," Reserve Bank of India

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