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MUMBAI (Reuters) - The Reserve Bank of India (RBI) kept interest rates at record lows but committed to a massive government bond purchase programme, keeping monetary policy accommodative amid concerns rising COVID-19 cases could derail a nascent economic recovery.
A security guard s reflection is seen next to the logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai, India, June 6, 2019. REUTERS/Francis Mascarenhas/File Photo
The monetary policy committee decided unanimously to leave the RBI’s repo rate, its key lending rate, unchanged at 4% and the reverse repo rate, its borrowing rate, at 3.35%.
“The stance of monetary policy will remain accommodative till the prospects of sustained recovery are well secured while closely monitoring the evolving outlook for inflation,” Governor Shaktikanta Das told a news conference.
RBI holds rates amid COVID surge; commits to government bond purchases
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インド中銀、景気懸念で金利据え置き 流通市場で国債買い入れ
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