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India cenbank defies pressure to leave rates on holdIndia's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013. More… |
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Indian central bank likely to cut ratesThe Reserve Bank of India (RBI) releases its mid-quarter monetary policy review today, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost growth, despite lingering inflation worries. More… |
