RBI to address inflation to provide stable nominal anchor for economy

Reuters

REUTERS - The policy stance and measures are intended to address inflationary pressures to provide a stable nominal anchor for the economy, the Reserve Bank of India said in its policy review on Friday.

The central bank unexpectedly raised its policy interest rate by 25 basis points on Friday, but rolled back some of the measures it had implemented to support the battered rupee. (Reporting by Mumbai newsroom; Editing by Supriya Kurane)

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