RBI pegs GDP growth at 8.5%

In its third quarter review of the Annual Monetary Policy Statement 2007-08 announced on Tuesday, the Reserve Bank of India said the GDP growth will be maintained at 8.5 per cent while inflation will be maintained at close to 5 per cent in 2007-08.

Reviewing its monetary policy, the apex bank stuck to its projection of economic growth at 8.5 per cent, while declaring that the policy mechanism would endeavour to contain inflation rate close to five per cent in the current financial year.

RBI keeps key interest rates unchanged
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