India's central bank said growth will slow to 7 percent this fiscal year, but left interest rates unchanged on Tuesday as it struggles to balance a toxic mix of high inflation and a flagging economy. The bank cut the cash reserve ratio – the percentage of cash commercial banks must keep on hand – by half a percentage point, to 5.5 percent. That should add INR320 billion (USD6.4b) to India's cash-strapped banking system. India's benchmark Sensex stock index rose 1.2 percent.