Rajan Holds India Rate to Boost Slumping Rupee Before Budget

  • Rate left at 6.75% as predicted by most economists surveyed
  • The central bank "continues to be accommodative," Rajan said
Raghuram Rajan

Raghuram Rajan.

Photographer: Simon Dawson/Bloomberg

India’s central bank left interest rates unchanged for a second straight meeting as it awaits details of the government’s budget later this month, providing support for a currency battered by China-led market turmoil.

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