RBI Maintains Status Quo
  • Nikita Setia
  • Jul 30 2013

In its policy meeting today, the Reserve Bank of India kept the repo rate and CRR unchanged while slashing India’s GDP growth forecast to 5.5% from 5.7%. RBI Governor D. Subbarao says the central bank will roll back its tightening measures in a calibrated manner as the rupee steadies.