Urjit Patel, governor of the Reserve Bank of India (RBI), second right, speaks during a news conference in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India Monetary Policy: Status Quo On Interest Rate And Stance  

Calmed by a dramatic turn in crude oil prices and stability in the Indian currency, the Monetary Policy Committee kept the benchmark policy rate unchanged for the second consecutive meeting.The mon...

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