RBI leaves key rates unchanged

PUBLISHED ON: January 29, 2008 | Duration: 11 min, 11 sec

  
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Focusing more on keeping headline inflation under control, the Reserve Bank of India (RBI) Tuesday left key rates unchanged and projected a growth of 8.5 percent for the economy during the current fiscal (2007-08). ''The policy endeavour would be to contain inflation close to 5 percent in 2007-08, while conditioning expectations in the range of 4-4.5 percent,'' the central bank said in its quarterly review of its current monetary policy.
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