RBI Keeps Repo Rate Unchanged Amid Global Uncertainty, Attracts Foreign Capital
The Reserve Bank of India (RBI) has left interest rates unchanged, despite raising its inflation forecast and lowering its growth outlook, as policymakers grapple with pressure on the rupee and heightened global uncertainty. The RBI has widened overseas investors’ access to government securities, eased investment restrictions for foreign portfolio investors (FPIs), and backed tax exemptions on sovereign bond investments.