![India pauses rate hikes in surprise decision, but door open for more](https://www.usinternationalnews.com/wp-content/uploads/2023/04/images-17.jpeg)
India pauses rate hikes in surprise decision, but door open for more
The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence on the economy. The central bank said its policy stance remains focused on “withdrawal of accommodation”, signalling it could consider further rate…