India's central bank holds key rate to focus on growth momentum

MarketsViewing inflation as manageable, Reserve Bank of India has kept rates unchanged this yearThe back and forth in the U.S.-Iran conflict, which has led to volatility in crude oil prices, has also complicated the central bank’s task of balancing growth with price stability. (Photo by Takanori Okabe)SOUMYAJIT SAHAAugust 5, 2026 13:41 JSTMUMBAI -- The Reserve Bank of India on Wednesday continued to hold its key policy rate at 5.25%, as a seemingly manageable rise in inflation has so far kept the central bank focused on spurring growth instead.