RBI keeps key rate steady; liquidity measures in focus
MUMBAI, Oct 6 (Reuters) – The RBI (Reserve Bank of India’s) key lending rate was held steady at a fourth consecutive policy meeting on Friday, as widely expected, with investors more focused on the regulator’s liquidity management plan amid a resurgence in inflation. The country’s monetary policy committee (MPC) kept the repo rate (INREPO=ECI) unchanged at 6.50%, in a unanimous decision. Most economists polled by Reuters had expected it to keep rates steady. It has raised rates by 250 basis points (bps) since May 2022 in a bid to cool surging prices. The committee remains “resolutely focused on aligning inflation