India Holds Rates as Expected but Flags Risks From US Tariffs

India's central bank held key interest rates steady on Wednesday as expected, saying the economy remains steady, even though economists expect steep U.S. tariffs on Indian exports and subdued inflation to open room for limited further easing.

India faces the imposition of a 25% tariff on its shipments to the U.S. from Friday, and President Donald Trump has warned of "very substantial" additional levies because of New Delhi's oil imports from Russia.

Global trade challenges continue to linger but prospects for the Indian economy remain "bright", Reserve Bank of India (RBI) Governor Sanjay Malhotra said in statement...

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