The Reserve Bank of India left its key interest rate unchanged on Friday, opting to preserve policy support for growth as inflation remained below its medium-term target despite rising risks from higher oil prices and a weaker rupee.
The Monetary Policy Committee kept the benchmark repo rate at 5.25%, extending its pause as consumer price pressures stayed comfortably contained. Retail inflation eased to 3.48% in April, remaining below the central bank's 4% target for more than a year and giving policymakers little immediate reason to tighten monetary policy.
