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India's central bank keeps key interest rates unchanged

The interest rates remain constant by the central bank of India avoiding future hike, because of previous 6 increases.

AFP, Thursday 16 Dec 2010
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India's central bank on Thursday kept its key short-term interest rates unchanged, a statement said after a mid-quarter policy meeting, in line with financial market expectations.
After six increases this year, the Reserve Bank of India  RBI decided against a further hike, keeping the repo rate on loans to banks at 6.25 per cent and the reverse repo it pays to banks for deposits at 5.25 per cent.

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