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India Faces Continuing Inflation, Raises Interest Rates |
September 20, 2011
The Reserve Bank of India has raised the policy lending rate by 25 basis points to 8.25% in a struggle to curb inflation which is at a 13-month high of 9.78%.
1888PressRelease - India's central bank has raised interest rates for the 12th time in 18 months to try to contain inflation. The Reserve Bank of India raised the policy lending rate, called the repo rate, by 25 basis p [...]
http://www.1888pressrelease.com/india-faces-continuing-inflation-raises-interest-rates-pr-335909.html
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