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>> RESERVE BANK OF INDIA Latest News

APR 01, 2014 - MarketWatch

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India holds interest rate steady; stocks flat

HONG KONG (MarketWatch) -- The Reserve Bank of India (RBA) on Tuesday kept its benchmark interst rate on hold, in line with market estimates. The rupee and Indian stocks were little changed after the central bank's move. The policy repurchase rate remained at 8%, the RBA said in its first bi-monthly policy statement for the 2014-2015 period. Markets had expected the repo rate to stay unchanged, according to Factset Research, with the current decision being the last before India's general election, slated to be held over a more than one-month period from April 7 to May 12. Meanwhile, the ... Read More

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