India Central Bank Holds Key Rates; Restores LAF Corridor

India's central bank left its key interest rates unchanged, as widely expected, on Friday and introduced the Standing Deposit Facility to absorb the excess liquidity. At the first bi-monthly meeting of the fiscal year, the Monetary Policy Committee of the Reserve Bank of India, led by Governor Shaktikanta Das, unanimously decided to retain the policy repo rate at 4.00 percent.Original Article