
India's Central Bank Holds Rates Steady Amid Middle East Worries and Rupee Pressure
India's central bank has maintained its interest rates at 5.25% while expressing concerns over the situation in the Middle East and pressures on the Indian rupee. The bank also announced measures to support the faltering national currency.
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India's cenbank keeps rates steady at 5.25% — flags Middle East worries, currency pressures
India's central bank tries to find a balance between maintaining growth and keeping inflation low, as rising global fuel prices and weak investor sentiment sink the rupee.
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