IMF Says India Should Hold Rates on Inflation Threat

IMF Says India Should Hold Rates on Inflation Threat

Sanjit Das/Bloomberg

A laborer carries a sack of guar onto a truck in Jodhpur, India. Inflation exceeding 7 percent has limited India's central bank to two interest-rate cuts since the start of April last year, even as a government report today may estimate growth has slid to a decade low.