MUMBAI -- As was widely expected, the Reserve Bank of India on Wednesday held its key policy rate steady, pausing a sharp easing cycle in which it cut the repo rate after three consecutive monetary policy meetings, even as the U.S.'s 25% tariffs on Indian exports pose growth risks.
Economy
India central bank pauses easing cycle, keeps rate at three-year low
Decision comes as Trump tariffs cloud growth and inflation expectations
The Reserve Bank of India's easing cycle has taken the rupee to near the record-low of 87.992 against the dollar it hit in February. (Photo by Akira Kodaka)
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