RBI Keeps Repo Rate at 5.25%, Cites Hazy Outlook

The Reserve Bank of India is the big bank that takes care of money rules in India.

Its leader is a man named Sanjay Malhotra.

He said the bank is not going to change its money rules right now.

That is because the future is hard to predict at the moment.

The weather, like the monsoon rains and something called El Niño, could change things.

So could events happening around the world and how countries trade with each other.

These things can change how much food and other goods cost.

The bank wants to wait until it is more clear before making changes.

So it kept its main interest rate at 5.25 percent, meaning borrowing costs stay the same for now.