Monday, June 18, 2012

India Stuns Markets By Holding, Not Cutting, Rates - Asia Business News - CNBC

India Stuns Markets By Holding, Not Cutting, Rates - Asia Business News - CNBC: ""Further reduction in the policy interest rate at this juncture, rather than supporting growth, could exacerbate inflationary pressures," the RBI wrote in its mid-quarter policy review."

Glad they kept their heads this time !

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