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India's central bank keeps interest rates unchanged

Tuesday, December 2, 2014 - 13:57

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The Reserve Bank of India (RBI) kept interest rates unchanged at 8.0 per cent on Tuesday as widely expected

[MUMBAI] The Reserve Bank of India (RBI) kept interest rates unchanged at 8.0 per cent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.

41 of 45 economists polled by Reuters had forecast that the RBI would keep the repo rate unchanged at its policy review, while four had expected a reduction of 25 basis points.

REUTERS

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