RBI is expected to keep rates unchanged

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
The India's central bank is expected to refrain from lowering the interest rates as it puts emphasis on weakening currency. The Rupee fell to the lowest point in history against the U.S. Dollar as it touched 61.21 on July 8. The Reserve Bank of India initiated measures to fight depreciation, which resulted in 1% gains, however, the currency is still under pressure due to record current account deficits.
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