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India Leaves Interest Rates Unchanged
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The Reserve Bank of India (RBI), India's central bank, left rates unchanged in October 2012. RBI Governor Subbarao says inflation could go above 8% by January 2013. High global oil prices and a weaker currency are adding to food price increases to push inflation higher. The RBI lowered its growth forecast to 5.8% from 6.5%. Mr Rangarajan, chairman of the Prime Minister's Advisory Council said the RBI will not lower rates till January 2013 unless there is a significant tendency for a decline in inflation before then.
Food prices in India.
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Inflation and the supply shock for food prices in India. The efforts of the RBI, India's central bank, to control inflation with a series of interest rate increases.
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How Duvvuri Subbarao Is Steering India's Economy
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Wall Street Journal 10/13/2013
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Staying Away from Indian Bonds
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