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India keeps rates unchanged, warns of inflation

India keeps rates unchanged, warns of inflation

India's central bank says inflation will rise faster than expected but it is leaving key interest rates unchanged for now.
The Reserve Bank Of India says headline inflation will likely hit 6.5 percent by March. That's higher than its July prediction of 5 percent and higher than its medium term inflation target of 3 percent.
The bank's decision to leave rates unchanged is in line with expectations.
Most economists believe that the bank will start to hike rates in the first half of 2010, given promising signs of industrial revival in India.


Updated : 2021-07-30 19:20 GMT+08:00