By Kosaku NariokaIndia's central bank has maintained its policy rate, as widely expected amid a backdrop of easing domestic inflation. Shaktikanta Das said Thursday that the monetary-policy committee decided to hold its policy repo rate steady at 6.50%. All nine economists surveyed by The Wall Street Journal had expected the central bank to stand pat. Das said the central bank expects its annual inflation to be 4.5% for the fiscal year starting April, following projected inflation of 5.4% this fiscal year. Write to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresFebruary 08, 2024 00:18 ET (05:18 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 08, 2024 05:33 UTC