India's central bank holds rates again despite global market volatility

Security personnel at the entrance of the Reserve Bank of India headquarters in Mumbai. — AFP

MUMBAI: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy.

The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a ninth straight policy meeting.