No hike, no panic: RBI holds rates, raises GDP forecast

The Reserve Bank of India is the grown-up bank that decides how much it costs to borrow money in India.

This week it decided to keep things exactly the same, holding interest rates at 5.25%.

That is the fourth time in a row the bank has kept the rate unchanged.

The bank's leader, Sanjay Malhotra, says India's economy is strong and resilient.

He even raised his prediction for how fast India's economy will grow this year.

There is a war in Iran that makes oil more expensive, and India buys almost all of its oil from other countries.

Expensive oil can push up prices, but the bank wants to wait and see if prices calm down before taking action.

Most experts think the bank will keep waiting, though one expert thinks borrowing costs might go up a little before March.

The rupee, India's money, is also down about 5.4% this year, so the bank is being careful.