India’s central bank holds key rate to focus on growth momentum

Inflation in hand, Reserve Bank of India has kept rates unchanged this year The back and forth in the U.S.-Iran conflict, which has led to volatility in crude oil prices, has also complicated the central bank’s task of balancing growth with price stability. (Photo by Takanori Okabe) MUMBAI — The Reserve Bank of India on Wednesday continued to hold its key policy rate at 5.25%, as a seemingly manageable rise in inflation has so far kept the central bank focused on spurring growth instead.

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