Reserve Bank of India Pauses Repo Rate at 8.50%

The Reserve Bank of India [RBI] paused its repo rate at 8.50% and also held the reverse repo rate at 7.50%, and cash reserve ratio at 6 percent. The RBI said: "On the domestic front, growth is clearly decelerating. This reflects the combined impact of several factors: the uncertain global environment, the cumulative impact of past monetary policy tightening and domestic policy uncertainties.