India holds interest rates

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India's central bank left key interest rates on hold today after six increases since March. But it also warned that the risk in its inflation outlook is to the upside, and unveiled steps to address persistently tight liquidity.


While the central bank has forecast the wholesale price index will ease to 5 and a half percent by the end of the fiscal year in March, rising global commodity and energy prices pose upward risks.


The Reserve Bank of India has been the most aggressive major central banks in Asia this year, lifting key lending and borrowing rates by 150 and 200 basis points, respectively, as surging prices spurred by rising food costs undermine purchasing power in an economy growing at nearly 9 percent.



Editor:Xiong Qu |Source: CNTV.CN

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