Edition:
India

RBI Policy Review

RBI keeps repo rate unchanged but frees up more liquidity

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MUMBAI The Reserve Bank of India held its policy rate steady near seven-year lows on Wednesday after inflation surged, but still looked to prop up the cooling economy by spurring banks into lending more.

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Expert views: RBI keeps repo rate unchanged as expected

The Reserve Bank of India kept its policy rate unchanged at a near seven-year low of 6 percent on Wednesday despite a sharp slowdown in economic growth, after consumer inflation surged to a five-month high.