Record-low rate: A security guard standing in position outside a ward for Omicron patients in Ahmedabad, India. The MPC voted to keep the benchmark repurchase rate at 4% as predicted by economists. — AP
NEW DELHI: India’s central bank kept borrowing costs at a record-low for the ninth straight meeting, amid the Omicron variant of coronavirus posing renewed risks to economic recovery globally.
The Monetary Policy Committee (MPC) voted to keep the benchmark repurchase rate at 4%, as predicted by all 35 economists surveyed by Bloomberg.
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