India’s Central Bank on Friday kept interest rates on hold as expected and raised the possibility of future cuts, as the country fights an economic slowdown, a weakening rupee and high inflation.

A benchmark index for Indian equities markets fell sharply around noon on Friday soon after the Central Bank announced a 25 basis points increase in the repo rate, but recovered within an hour to trade higher.

South Korea’s Central Bank froze its key interest rate on Tuesday as it assessed potential global economic threats, including the impact of Japan's devastating earthquake and tsunami.

Mumbai: India Inc and the stock markets are keenly waiting if the central bank will hike key interest rates when it conducts its quarterly monetary policy review on Tuesday - a move widely predicted b

Mumbai, Aug. 11: In what could be a change from its past policy, the Reserve Bank of India (RBI) seems less squeamish about allowing large industrial houses to promote banks. The central bank is also