India's central bank held its key interest rates steady on Tuesday, as inflation and growth remain in the projected path, although it signaled its willingness to ease further, keeping in view an imminent interest rate hike in the U.S. The Reserve Bank of India left the repo rate at 6.75 percent and the reverse repo rate unchanged at 5.75 percent, in line with economists' expectations.
India's economy expanded at a faster rate in the three months to September, led by manufacturing and financial services, and exceeded China's expansion during the same period. Data came as the Reserve Bank of India is set to announce its policy decision on Tuesday. The central bank is widely expected to leave interest rates unchanged after cutting them by 50 basis points in September.