UPDATE 1-India cenbank keeps rates on hold, affirms "accomodative stance"

April 7, 2015 5:57 AM

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MUMBAI, April 7 (Reuters) - India's central bank kept interest rates on hold at 7.50 percent on Tuesday, choosing to wait longer to assess inflationary pressures before making its next move, and to give banks more time to adjust lending rates to reflect previous rate cuts.

Most of the 40 economists surveyed by Reuters had expected the Reserve Bank of India (RBI) to keep the key lending repo rate unchanged at Tuesday's policy review.

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