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RBI Holds Repo Rate Amid US-Iran Conflict and El Nino Effects
RBI's decision to maintain the repo rate reflects concerns over the US-Iran conflict and El Nino's impact on the economy. Governor Sanjay Malhotra noted that while inflation is rising, its effects are not widespread, allowing for stability in monetary policy. The ongoing geopolitical tensions and climate factors continue to disrupt trade routes and supply chains, contributing to market volatility.
βοΈ AI Verdict
"A cautious approach in uncertain times keeps the economy steady."
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File ID: #313790Original Source: Times Of India β
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