India stuns, keeps rates steady as growth crumbles
India stuns, keeps rates steady as growth crumbles
MUMBAI (Reuters) - India's central bank left interest rates and required bank reserves unchanged on Monday, defying widespread expectations for a rate cut and warning that relaxing policy could worsen inflation. Bonds, stocks and the rupee all fell. The Reserve Bank of India kept its policy repo rate unchanged at 8 percent and left the cash reserve ratio for banks at 4.75 percent, putting the onus on the government to take measures to revive flagging economic growth. ...
//news.yahoo.com/india-stuns-keeps-rates-steady-growth-crumbles-065129103--business.html
Create Date : 20 มิถุนายน 2555 |
Last Update : 20 มิถุนายน 2555 22:55:38 น. |
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