RBI MPC: India's trade deals give Sanjay Malhotra & Co cover to hold repo rates steady at 5.25%

The Reserve Bank of India kept the repo rate unchanged at 5.25% on Friday, in line with expectations, after recent government spending measures and a US-India trade deal improved the outlook for economic growth. The central bank has cut rates by 125 basis points since February last year and had indicated scope for further easing if inflation stays low.