Thu, 25 Jul 2013 12:23:07 GMT
RBI is expected to keep rates unchanged
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