| Credit Policy: RBI leaves rates unchanged |
| Our Bureau / Mumbai April 24, 2007 |
| Reserve Bank of India (RBI) today left its key signalling rates unchanged after a series of reinforcing measures in the preceding months as it targeted indirect sources of risks to inflation. RBI also sought to discourage net foreign currency inflows by making deposits by non-resident Indians (NRI) less attractive and allowing greater outflows by companies as well as individuals. RBI Governor Dr. Y V Reddy, in the 2007-08 annual policy statement, said: |
