Indian central bank keeps key rates unchanged amid high inflation

MUMBAI, Sept. 17 (Xinhua) -- Indian central bank Reserve Bank of India (RBI) on Monday announced to keep interest rates unchanged in its latest monetary policy report. The RBI left the policy repo rate unchanged at 8 percent, in line with expectations of most market analysts before the government unexpectedly announced measures to allow foreign direct investment (FDI) in retail, airlines and broadcasting industries. "As inflationary tendencies have persisted, the primary focus of monetary policy remains the containment of inflation and anchoring of inflation expectations," RBI Governor D. Subbarao said while announcing the mid-quarter review of the monetary policy. The RBI, however, cut cash...