India central bank stands behind rupee, keeps rates unchanged

07/30/2013 | Hindu (India), The

India's central bank held its two main interest rates steady in a bid to tamp down inflation and defend the recently besieged rupee. However, "the Reserve Bank stands ready to use all available instruments and measures at its command to respond proactively and swiftly to any adverse development," said bank Governor D. Subbarao, addressing concerns over an economy that is also struggling.

View Full Article in:

Hindu (India), The

Published in Brief: