India's central bank holds rates again, as expected
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BENGALURU : The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, as it continued its efforts to sustainably lower inflation towards its 4 per cent target. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50 per cent for a ninth straight policy meeting. All 59 economists in the Reuters poll conducted in late July predicted the central bank would stand pat on rates.
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