India seen keeping rates on hold, while signalling readiness to act

April 6, 2015 9:00 PM

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MUMBAI, April 7 (Reuters) - India's central bank is expected to keep its benchmark interest rate on hold at 7.50 percent at a policy review on Tuesday, while signalling that it could act swiftly to lower rates further if inflation stays within its target.

This year, the Reserve Bank of India (RBI) has already cut the repo rate twice, by 25 basis points each time, in a bid to bolster economic growth. Neither reduction took place during a regular policy review.

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