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India central bank holds benchmark rates steady amid moderate core inflation

The Reserve Bank of India kept its benchmark policy rate unchanged as it pointed to a still-moderate pace of core inflation.

Reported · Written up by our desk · Central Banks

CNBC Markets reports that India’s central bank, the Reserve Bank of India, kept its benchmark interest rates steady.

The decision was made amid concerns about inflation that the RBI described as moderate, with attention on core inflation pressures.

CNBC World reported a similar summary, noting the rates were left unchanged as inflation continued to creep rather than accelerate.

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Sources