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Indian central bank leaves key interest rates unchanged

Xinhua, February 3, 2015 Adjust font size:

India's central bank on Tuesday decided to keep key interest rates unchanged in its sixth bi- monthly policy review.

After a meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to commercial banks, would stay at 7.75 percent.

Meanwhile, the reverse repo rate, at which the RBI pays to commercial banks, has been adjusted to 6.75 percent.

RBI also reduced the statutory liquidity ratio, the mandatory amount of bonds lenders must keep with it by 50 basis points to 21. 5 percent. The Cash Reserve Ratio is unchanged at 4 percent. Endi