India’s central financial institution stored its coverage fee unchanged as anticipated, saying financial exercise is robust however that risky meals costs might quickly increase inflation on the earth’s most populous nation.

Reserve Bank of India Gov. Shaktikanta Das mentioned Friday that the financial institution’s monetary-policy committee had determined to maintain its coverage repo fee at 6.50%, its fifth straight maintain. All 10 analysts surveyed by The Wall Street Journal had predicted that the central financial institution would stand pat.