RBI Holds Policy Rate at 5.25% Amid Inflation Concerns
File Photo MUMBAI: The Reserve Bank of India (RBI) announced on Wednesday that it will maintain the current interest rates amid expectations of a global recovery influenced by the recent ceasefire in the US/Israel-Iran conflict, which has lasted for six weeks. This policy decision follows a prolonged conflict in West Asia that has interrupted energy supplies, increased crude oil prices, and created both fiscal and inflationary pressures for nations like India that rely heavily on imports. This marks the first monetary policy review following the government’s new inflation target announcement for the RBI last month, instructing it to keep retail…