India, April 8 -- Reserve Bank of India on Wednesday kept key policy rates unchanged, in line with expectations, as it navigates inflationary pressures and evolving global dynamics.
The decision comes against the backdrop of improving global sentiment following a ceasefire in the prolonged US/Israel-Iran conflict, which had earlier disrupted energy supplies, driven up crude oil prices, and heightened fiscal and inflation concerns for import-dependent economies like India.
This also marks the first monetary policy review after the government recently revised the inflation targeting framework, directing the RBI to maintain retail inflation at 4%, with a tolerance band of +/- 2%, for the next five years until March 2031.
Published by HT Dig...