The Reserve Bank of India made a decision on its policy repo rate. 25%. This move was made as the bank waits for more information to assess the impact of higher oil prices.

The bank's decision is related to concerns about inflationary pressures. With oil prices increasing, there is a potential risk of higher inflation. The Reserve Bank of India is taking a cautious approach by holding its rate steady for now.

Further details about the Reserve Bank of India's decision are available from the source. The decision was reported on August 5, and local readers in Galveston can find more information through the Galveston County Daily News or other news outlets.