RBI pauses on repo rate, as inflation cools

PUBLISHED ON: April 1, 2014 | Duration: 37 min, 48 sec

   
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Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday held interest rate steady at 8 per cent, in line with expectations. The pause in interest rate hikes comes at a time when retail inflation has eased to a 25-month low, while wholesale inflation has eased to a nine-month low.
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