India, Aug. 6 -- The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports.
The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent.
The bank had reduced the rate by 50 basis points in June and 25 basis points each in February and April.
"The MPC further resolved to maintain a close vigil on the incoming data and the evolving domestic growth-inflation dynamics to chart out the appropriate monetary policy path," the bank said in a statement. All members of the six-member panel decided to continue with the neutral stance. Policymakers o...