RBI Unlikely to Reintroduce Fixed-Rate Lending to Banks

The Reserve Bank of India (RBI), the central bank, probably won't start lending money to banks daily at a set interest rate again.

Banks wanted this to help them manage their money.

The RBI is also changing how it handles money, possibly using 7-day operations.

The RBI believes it has controlled inflation but is still working to keep prices stable.

The RBI will make decisions about interest rates based on how it thinks the economy will do in the future.