US Tariff Tensions: India’s Reserve Bank Holds Repo Rate Steady Amid Uncertainty
RBI Holds Repo Rate Steady at 5.5% Amid U.S. Tariff Tensions, Signals Caution on Global Headwinds The Reserve Bank of India on Wednesday kept its key interest rate unchanged at 5.5%, ending a streak of three consecutive cuts, as policymakers weighed growing uncertainty over a potential tariff showdown with the United States. The central bank’s Monetary Policy Committee voted unanimously to maintain the benchmark repo rate and continue with a neutral policy stance, signaling caution as geopolitical and trade-related risks cast a shadow over India’s near-term outlook. RBI governor Sanjay Malhotra said the decision reflects a balanced view of the…