The Reserve Bank of India (RBI) held its repo rate at 6.5% in a move to balance India’s inflationary worries with growth goals. Finance Minister Suresh Iyengar said, “Stability is key for sustainable recovery, and the RBI’s pause supports market sentiment.”
India’s wholesale inflation eased to 0.13% in September. Many retailers and businesses, reeling from recent price hikes, are hopeful for a broader and lasting rebound.
“Continued pause means homebuyers and entrepreneurs can better plan their futures,” commented economist Priya Vasudevan.
