RBI Keeps Policy Rate at 5.25% as Rupee Slides, Citing Global Risks
The Reserve Bank of India held its repo rate at 5.25% on June 5, with the Monetary Policy Committee unanimously voting to keep a neutral stance. The central bank signalled concern about a deteriorating global environment, noting that higher crude prices and record foreign fund outflows have weakened the rupee, even as retail inflation is expected t…