RBI holds rates in Q3 review and CRR

The Reserve Bank of India has left its key interest rates steady, saying banks still have to pass on the benefits of previous cuts while analysts expect another reduction in the coming months to shore up the slowing economy. Addressing the media persons, the Governor of RBI mentioned that the central bank had left its lending rate steady at 5.5 per cent and its reverse repo rate unchanged at 4.0 per cent.