MUMBAI/NEW DELHI -- The Reserve Bank of India (RBI) on Friday slashed its economic growth forecast for the current financial year ending in March to 6.6% from the 7.2% projected in October after seeing "much lower than anticipated" gross domestic product expansion of 5.4% in July-September.
Economy
India's central bank cuts full-year growth forecast to 6.6% from 7.2%
RBI keeps rate as inflation exceeds tolerance level
.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
A fish market in Mumbai: Inflation has grown in India over the past few months. (Photo by Yuki Kohara)
Read Next
Latest on Economy
