India's central bank keeps interest rates unchanged

India's central bank kept interests rate on hold Tuesday, resisting government pressure for a fourth cut of the year and saying the country's economic recovery was "still work in progress". The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would remain at 7.25 percent as analysts had expected. "It is prudent to keep the policy rate unchanged at the current juncture while maintaining the accommodative stance