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    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    48 : Analysing India’s Credit Policy: Keeping An Eye on Inflation and the Elections

    S. Narayan

    4 February 2008

    The Reserve Bank of India (RBI) last week announced that it would keep interest rates unchanged, and chose to adopt a wait and watch policy. Markets and commentators in India had expected a reduction in interest rates, following the United States Federal Bank's decision to reduce rates in two tranches by 1.25 percent.