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Tuff-Stuff

04/01/14 6:12 AM

#538526 RE: Tuff-Stuff #538525

As expected, the Reserve Bank of India (RBI) has kept its benchmark repurchase rate at 8% and its cash-reserve ratio at 4%. The latter is closely watched and determines how much capital reserves banks should keep.The decision follows a fall in inflation and is the last before India starts a month-long general-election process on Sunday.