Reserve Bank of India keeps current rates to curb inflation

India's central bank reminded about the inflation threat to the country's growth on Tuesday and decided to hold the interest rates hoping to beat inflation once and for all. With the inflation already falling from more than 10% to 7.3% in June and the GDP growth halving to less than 5% many are awaiting interest cuts. However, the RBI has made its stance clear and would rather focus on sustainable growth.