India's Central Bank Holds Rate

This is a India news story, published by CNBC, that relates primarily to RBI news.

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CNBC

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India keeps interest rate unchanged amid rising inflation risks and a slowing economy

Summary

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92% Informative

India 's consumer prices inflation surged to a 14-month high of 6.21% in October , significantly higher than the RBI 's target of 4% and also above its tolerance ceiling of 6% . The Reserve Bank of India has held the interest rate steady since February last year , however, a sharper-than-anticipated slowdown in India 's economic growth has made the central bank's task tougher.