India's RBI to hold interest rates as U.S. tariff tensions mount

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On Wednesday, the Reserve Bank of India agreed to maintain repo rates at 5.5% amid rising global tensions caused by Trump’s tariffs. The central bank’s policy rate decision also aligned with expectations from economists polled by Reuters. India’s Reserve Bank cut interest rates by 50 basis points during its previous meeting in June. The Bank’s Governor, Sanjay Malhotra, argued that there was limited room for monetary policy to support growth due to the previous 50-basis-point cut. India expects ...