New Delhi (AFP) - India's central bank left interest rates unchanged at 6.25 percent Wednesday, defying expectations of a cut following the government's shock move to withdraw high-denomination banknotes from circulation.
The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would stay steady after it was cut to 6.25 percent in October.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!