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India's central bank holds interest rates NEW DELHI -- India's central bank announced Tuesday that it would keep key short-term interest rates at their current record lows to support the economic recovery process while trying to ensure price stability. The Reserve Bank of India also retained its growth projection for the 2009-10 fiscal year at 6 percent while raising the inflation forecast to 6.5 percent from 5 percent in its mid-yearly review of monetary policy. |
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