By The Associated Press
STAY THE COURSE: India's central bank left its key interest rate unchanged Monday due to inflation concerns, thwarting hopes of a rate cut to kick-start flagging growth in Asia's third-largest economy.
WORRIES: Most economists had expected a cut, given the recent rush of dismal economic data in India and heightened global uncertainty.
WEAK ECONOMY: India's growth slowed to a nine-year low of 5.3 percent in the quarter ended in March. But that has not tamed inflation. Rising food prices drove India's benchmark inflation rate to 7.6 percent in May from 7.2 percent in April.
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