The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.

India’s central bank left its benchmark interest rate unchanged in the last policy meeting of the year, citing continued inflationary pressures even though economic growth slumped.

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as economic growth slows.

The Reserve Bank of India kept its policy rate unchanged as it walks the line between curbing inflation and boosting growth after a surprisingly weak quarter.

Indian indices settled marginally lower on Friday after the country's central bank kept its interest rate unchanged at 6.5% and reduced the cash reserve ratio (CRR) by 50 basis points. The Reserve Bank of India's CRR cut is expected to boost the banking system's liquidity,