India cenbank keeps key rate unchanged as focus on inflation remains

The six-member monetary policy committee (MPC), consisting of three Reserve Bank of India (RBI) and three external members, kept the repo rate unchanged at 6.50% in line with the unanimous consensus in a Reuters poll.

The vote on the repo rate decision was also unanimous.

COMMENTARY

UPASNA BHARDWAJ, CHIEF ECONOMIST, KOTAK MAHINDRA BANK, MUMBAI

"The MPC has retained focus on 4% inflation being the medium target, with monetary policy actions to ensure disinflationary trends ahead. We continue to expect prolonged pause by the MPC."

(Reporting by Dimpal Gulwani; Editing by Eileen Soreng)