(Bloomberg) -- India's central bank will probably leave its benchmark overnight lending rate unchanged, judging that five increases in the past year may be enough to tame inflation in the world's second-fastest growing major economy.
Governor Yaga Venugopal Reddy may keep the Reserve Bank of India's repurchase rate at a five-year high of 7.75 percent, according to 14 of 20 analysts in a Bloomberg News survey. The decision is due tomorrow at noon in Mumbai. He may also maintain banks' reserve requirement at 6.50 percent, the survey said.
Read more at Bloomberg Emerging Markets News
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