India's RBI holds rates steady, awaits clearer inflation signals

The Reserve Bank of India (RBI) unanimously held its benchmark repo rate at 5.25%, diverging from regional peers tightening policy due to higher energy prices. Policymakers await clearer evidence of broader inflationary pressures, reaffirming commitment to their inflation target while cutting inflation forecasts. The RBI also nudged up its growth forecast, reflecting confidence in the economy's resilience. This cautious stance by a major regional economy, influenced by oil prices and focused on rupee stability, could indirectly affect regional gold demand and broader market sentiment.

بحوالہ / Source: www.brecorder.com