10:57 - 10.08.2023

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The Reserve Bank of India has kept the policy interest rate unchanged, taking into account the inflation forecast.

ABC.AZ reports that the bank kept the discount rate at 6.50%.

Rising food prices in the country led to retail sales inflation in June at 4.81%, the highest in the last three months.
The bank also raised inflation expectations for 2024 to 5.4% from the previous 5.1%.