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Indian hikes interest rates again


Indian hikes interest rates again


Indian shares fell after the central bank raised interest rates again to battle the country’s stubborn inflation.

The Reserve Bank of India put up the cost of borrowing for the eighth time in a year.

It also warned both of inflationary pressures and emerging risks to growth, leading to fears of further rate hikes.

The Bank’s main lending rate was increased by 0.25 percent to 6.75 percent

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