What Will India's Held Rates Mean for the Economy?
India’s central bank Governor Raghuram Rajan left interest rates unchanged at his last policy review as food prices threaten to push inflation above the nation’s target. The benchmark repurchase rate will stay at a five-year low of 6.50 percent, the Reserve Bank of India said in a statement in Mumbai on Tuesday. The move was predicted by 27 of 29 economists in a Bloomberg survey, with two expecting a cut to 6.25 percent. Invesco Asset Management Head of Emerging Markets Macro Arnab Das discusses with Bloomberg's Manus Cranny on "Countdown."