The Reserve Bank of India maintains key interest rate unchanged at 6.5%
Recently, the Reserve Bank of India maintained the key interest rate at 6.5% as scheduled, but adjusted its policy stance to "neutral". The last time the Monetary Policy Committee adjusted interest rates was in February 2023, when the policy rate was raised to 6.50%. India's annual retail inflation rate in August was 3.65%, lower than the central bank's target of 4% for the second consecutive month, but higher than the revised 3.60% in July and economists' forecast of 3.5%.
