India holds rates steady at 5.5% in line with forecast as inflation cools
CNBC·2025-10-01 04:45
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India's newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesIndia's central bank kept its policy rate unchanged at 5.5% Wednesday in line with the expectations of economists polled by Reuters.Inflation moderated significantly in the first quarter, but gr ...