India leaves key interest rates unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of India decided to leave its key borrowing rate unchanged, the first time in 8 meetings as both inflation and growth slows down. The central bank of India left benchmark interest rate untouched at 8.5% meeting predictions made earlier by economists. India rupee appreciated 2.7% against US dollar on the RBI announcement. 
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Fri, 16 Dec 2011 09:31:46 GMT

India maintains its key interest rate

The Reserve Bank of India announced it would maintain the key interest rates at the same level and would devote its strategies towards sustainable growth. The lending rate stayed at 8.50% while borrowing rate at 7.50%. The bank cited worsening economic outlook and outlined that it now put all its efforts in boosting economy rather than combating exorbitant inflation.

Fri, 16 Dec 2011 07:20:56 GMT

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