RBI Holds Repo Rate Steady at 5.25% Amid West Asia Crisis
MUMBAI: The Reserve Bank has maintained interest rates for the second consecutive time, primarily considering the effects of rising energy prices and supply chain disruptions arising from the West Asia crisis. This decision takes place amidst a protracted conflict in West Asia that has affected energy supplies, resulting in increased crude oil prices and putting fiscal and inflationary pressure on import-dependent nations like India. During the announcement of the second bi-monthly monetary policy for this fiscal year, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) unanimously chose to keep the short-term lending rate, or repo rate, stable…