at Nasdaq.com (Jan 7, 2015)
India's central bank holds its benchmark lending rate unchanged and lowers cash reserve...
India's central bank holds its benchmark lending rate unchanged and lowers cash reserve requirements for banks, keeping a focus on inflation fighting even as the economy turns down. The RBI thinks liquidity coming from global easing could press oil prices higher - India imports three-quarters of its crude needs - and now falls into step with other South Asian central banks in holding rates even.
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