Mumbai, India, June 5, 2026 (AFP) - India central bank holds rates despite Mideast conflict

NAMPA / AFP

2026-06-05

India's central bank left interest rates unchanged on Friday, despite the Middle East conflict threatening to stoke inflation and heap pressure on a weak rupee. The Reserve Bank of India (RBI) said the benchmark repurchase rate, the level at which it lends to commercial banks, would remain at 5.25 percent after a unanimous vote by a six-member panel. Central banks in emerging and frontier markets from Indonesia to Sri Lanka have hiked rates in re......

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