The Reserve Bank of India left its benchmark rates unchanged for the fifth straight session as policymakers assessed that the impact of the past rate hikes are yet to be fully felt on the economy, and the bank maintained a hawkish stance citing the risk of food price shocks derailing the disinflation process.
S&P Global Ratings upgraded India's growth projection for the current financial year on domestic momentum but lowered its outlook for the next financial year citing subdued global growth and base effect.
India's central bank left its benchmark interest rate unchanged for the fourth straight session on Friday but cited high inflation as a major risk to stability and sustainable growth and raised the possibility of open market bond sales to absorb excess liquidity.
The World Bank said South Asia is set to log growth higher than any other developing country region in the world this year. In the latest South Asia Development Update, the World Bank forecast South Asia to expand 5.
India's central bank left its benchmark interest rates unchanged, as widely expected, on Thursday. Reserve Bank of India Governor Shaktikanta Das said policymakers decided to keep the policy repo rate unchanged at 6.