NEW DELHI -- The Reserve Bank of India on Thursday held its benchmark interest rate steady at 6.50% after six straight hikes, defying most predictions even though inflation is still elevated.
Economy
India pauses rate hikes in surprise move amid stubborn inflation
RBI defies most predictions but 'will not hesitate' to take further action
The Reserve Bank of India headquarters in Mumbai: The central bank is grappling with inflation above its target range. © Reuters
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