India CB unexpectedly keeps rates unchanged

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Reserve Bank of India decided to keep the main interest rate unchanged, even though the country faces a significant increase in consumer price index, as it reached more than 11% last month. The benchmark rate was held at 7.75%, while economists predicted it to rise, on average, to 8%. The CB officials explain their decision by the necessity to support economic growth.
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