India Rate Setters Paused on Benign Inflation, Buoyant Growth

India’s monetary policy panel decided at its meeting earlier this month to pause, judging the current interest appropriate and allowing more time for the past cuts to feed through to borrowing costs.

The six-member Monetary Policy Committee, headed by Reserve Bank of India Governor Sanjay Malhotra, voted unanimously to keep the repurchase rate unchanged at 5.25%.