Repo Rate unchanged for 6th Straight Time
The Reserve Bank of India (RBI) kept its key lending rate unchanged on Thursday for a sixth straight meeting, in line with expectations, as inflation stayed above the 4% medium-term target while economic growth continued to be resilient.
Annual retail inflation picked up to 5.69% in December from November's 5.55%, well above the 4% target. However, a sustained fall in core inflation and a fiscally prudent budget have raised expectations of a possible change in the RBI's monetary policy stance.
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