The Reserve Bank of India has left key rates unchanged; the repo, the reverse repo, bank rate and the cash reserve ratio (CRR) are held at current levels. The central bank expects the economy to worsen further and has revised the GDP growth target to 7 percent from a previous estimate of between 7.5 to 8 percent. Additionally, inflation targets for the fiscal year were reduced to 3 percent from earlier projections of 7 percent.