RBI Keeps Interest Rates Unchanged

The central bank of India - Reserve Bank of India did not change the key interest rates while reviews its credit policy on Tuesday. The short-term lending (repo) rate and the Cash Reserve Ratio (CRR) will remain at 8 per cent and 4.25 per cent, respectively.

Considering the slide in the headline inflation rate for the month of November 2012, the RBI kept the interest rates intact. The stock markets were in flat following no change in the interest rate.

However the Governor of RBI, D Subbarao hinted for a change in repo-rate and CRR in January 2013.