Indian central bank leaves rates unchanged, eases reserve ratio

India’s central bank on Monday left interest rates unchanged but cut the cash reserve ratio for banks, saying the primary focus of monetary policy remains fighting inflation, days after the government unveiled a spree of reforms to boost growth and improve its fiscal position.

The Reserve Bank of India left the policy repo rate at 8 per cent, in line with expectations in a Reuters poll on Friday before the government unexpectedly announced measures to allow foreign direct investment in industries including supermarkets and airlines.

via Business feed http://www.scmp.com/business/economy/article/1039059/indian-central-bank-leaves-rates-unchanged-eases-reserve-ratio