{
  "id": 159933,
  "title": "India's central bank keeps benchmark rates steady, cites 'moderate' core inflation",
  "url": "https://urgent.news/2026/08/05/indias-central-bank-keeps-benchmark-rates-steady-cites-moderate-core",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T05:02:09.000Z",
  "source": {
    "name": "CNBC World",
    "slug": "cnbc-world",
    "url": "https://www.cnbc.com/2026/08/05/india-rbi-interest-rate-inflation-iran-war.html"
  },
  "original_language": "en",
  "account": "India's central bank, the Reserve Bank of India (RBI), maintained its benchmark interest rate at 5.25% for the fifth consecutive time on Wednesday. While headline retail inflation has surpassed the RBI's target of 4%, core inflation - which excludes precious metals - remains moderate, according to the bank. RBI Governor Sanjay Malhotra stated that core inflation, which peaked in the December quarter, is expected to decline after the peak. Malhotra emphasized the need for clearer understanding of inflation's path and composition before making policy decisions. The central bank also cautioned that while economic growth has been resilient, it is projected to be lower in the current financial year due to uncertainties stemming from the southwest monsoon, El Nino, geopolitical factors, and global trade policies. India's economy is particularly vulnerable to supply disruptions caused by the Iran conflict, as it relies heavily on fuel imports. Moreover, the risk of a below-average monsoon this year adds to the macroeconomic headwinds.",
  "summary": "The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.",
  "key_points": [
    "Reserve Bank of India keeps benchmark rates steady at 5.25%",
    "Core inflation remains moderate despite headline inflation exceeding target",
    "RBI Governor Sanjay Malhotra expects core inflation to decline after peak"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/159933.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Nikkei Asia",
        "title": "India's central bank holds key rate to focus on growth momentum",
        "url": "https://urgent.news/2026/08/05/indias-central-bank-holds-key-rate-to-focus-on-growth-momentum",
        "published": "2026-08-05T03:16:59.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "India’s Central Bank Holds Rates as Iran Crisis Keeps Risks High",
        "url": "https://urgent.news/2026/08/05/indias-central-bank-holds-rates-as-iran-crisis-keeps-risks-high",
        "published": "2026-08-05T04:42:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}