"If China revalues [the renminbi], it will have a positive impact on our external sector," Mr Subbarao said.

“如果中国让[人民币]升值，那将对我们的对外部门产生正面影响，”苏巴拉奥表示。

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Its governor, Duvvuri Subbarao, had interrupted his weekend to lower its "repo rate" -the rate at which it lends to banks-from 8% to 7.5%, having cut it from 9% to 8% only 12 days before (see chart).

央行行长Duvvuri Subbarao取消了他的周末休息，将贷款给银行的利率——“回购利率”从8 %降低到7.5 %，仅仅在12天前该利率从9 %降至8 %(如图)。

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The Reserve bank will now lend to Banks at eight percent. Reserve bank Governor Duvvuri Subbarao says with inflation running at more than nine percent, he has no other options.

如今印度储备银行对各个银行的放贷利率，高达百分之八，储备银行总裁素巴拉奥说，由于通货膨胀率超过百分之九，他实在别无选择。

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"There is some semblance of calm returning, " says Duvvuri Subbarao, governor of the central bank.

BBC: Indian economy shows signs of slowdown

Inflation has come off, but is still high at over 7%, Mr. Subbarao said.

WSJ: Subbarao Warns of Widest Current-Account Deficit

Reserve Bank of India governor Duvvuri Subbarao said inflation remained at "elevated levels" requiring steps to lower "inflationary expectations".

BBC: India raises interest rates to curb inflation