India's central bank holds key rate to focus on growth momentum

Viewing inflation as manageable, Reserve Bank of India has kept rates unchanged this year

The back and forth in the U.S.-Iran conflict, which has led to volatility in crude oil prices, has also complicated the central bank’s task of balancing growth with price stability. (Photo by Takanori Okabe)

MUMBAI -- The Reserve Bank of India on Wednesday continued to hold its key policy rate at 5.25%, as a seemingly manageable rise in inflation has so far kept the central bank focused on spurring growth instead.

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