Tue, 05 Aug 2014 11:01:10 GMT
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