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.