Instant View: India central bank keeps key rate steady
© Reuters. FILE PHOTO: A worker walks past the logo of Reserve Bank of India inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo - The 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.
"Importantly, the RBI has explicitly highlighted the need to use OMO sales to modulate liquidity. This will weigh down bond markets' sentiments."
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