South Asia Forum

INDIA : India keeps interest rates on hold at 8.5%

  • Friday, December 16, 2011 6:54 PM
    Message # 775604
    http://www.bbc.co.uk/news/business-16213852 [Link]

    The Reserve Bank of India has held interest rates at 8.5%, interrupting a long period of rate increases.

    The widely expected decision reflects concern at the weakness of the economy.

    Anand/Monterey
    -+-
 
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