India: RBI keeps key policy rate unchanged

At its 18 December monetary policy meeting, the Reserve Bank of India (RBI) decided to maintain the repurchase rate unchanged at 7.75%. The decision was a surprise to most market analysts who had expected the Central Bank to raise interest rates to 8.00%. In addition, the RBI decided to keep the cash reserve ratio (CRR) unchanged at 4.00%.

Read more about Indian Monetary Policy.

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