Finance, Forex and Investments

India central bank lowers growth forecast, keeps rates steady...

Summary: p Governor of the Reserve Bank of India (RBI), Duvvuri Subbarao addresses a press conference in Mumbai in December 2008. India' central bank reduced its growth forecast for Asia' third-largest economy on Tuesday to a six-year low due to the widening worldwide recession but opted to keep interest rates on hold. /p

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