RBI maintains key interest rate at 6.50% amid high inflation and slowing economic growth.

The Reserve Bank of India (RBI) kept its key interest rate at 6.50%, aiming to balance high inflation and slowing economic growth. Inflation hit a 14-month high of 6.21%, while GDP growth for July-September was the slowest in seven quarters at 5.4%. The RBI also lowered its GDP growth forecast for 2025 to 6.6%. Economists expect future policy shifts to support the economy, as ministers called for reduced borrowing costs.

3 months ago
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