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The Reserve Bank of India made no changes to its repo rate

INDIA’S central bank has kept interest rates on hold in the face of an overall economic slowdown, a depreciating rupee and continued concerns over high inflation.

The Reserve Bank of India made no changes to its repo rate at which it lends to commercial banks or the reverse repo rate that it pays banks for deposits.

They remained at 8.50 per cent and 7.50 per cent respectively.

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