RBI pauses rate-cut cycle citing inflation worries7 min read . Updated: 18 Jun 2013, 01:06 AM IST
Move disappoints industry; analysts say stable currency, good monsoon may lead to modest rate cuts
Mumbai: The battering that sent the rupee to a record low last week was an important reason why the Reserve Bank of India (RBI) decided to hit the pause button on Monday, when it left its key lending rate unchanged. The decision by governor D. Subbarao came after three consecutive rate cuts since January to support a weak economy.
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