RBI Holds Key Rate at 8% as Forecast

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Aug. 5 (Bloomberg) –- Bloomberg’s Mark Barton reports on the Reserve Bank of India keeping the key repurchase rate unchanged. He speaks to Caroline Hyde and Manus Cranny on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Bank of india just releasing its interest rate decision.

No change, as was the case in australia.

Interest rates unchanged.

The new prime minister modi releasing food stocks of the risk of high prices from the weak monsoon.

It is a key determinant of the movement of inflation in india.

He kept the rates at 8%. all but three economists predicted no change today.

We would hear how the chung changes -- the tone changes.

Many analysts say they be good for him to talk about easing as inflation eases.

You have cpi at 7%. is there any more room for interest rate cuts?

8% is a stark contrast that where emerging markets are at.

Still the second fastest among the indian -- the asian economists.

Not much relenting.

It is move this morning but you still see the threat.

The challenges these emerging markets had last year.

Although, some nations have did more so than others.

Turkey, on the other hand, would be one that would be against that.

That is it on the indian rates.

Let's turn our attention to

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