The Reserve Bank of India keeps interest rates unchanged, as expected. The bank also cut its...

|By:, SA News Editor

The Reserve Bank of India keeps interest rates unchanged, as expected. The bank also cut its growth forecast and lifted its inflation outlook. "In the current circumstances, lowering policy rates will only aggravate inflationary impulses without necessarily stimulating growth," says RBI Governor Duvvuri Subbarao. BSE Sensex -0.5%.