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India lifts interest rates to 5%

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09-16-2010, 11:22 PM

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India lifts interest rates to 5%

The Reserve Bank of India (RBI) has today elected to lift interest rates from 4.5% to 5% – higher than the 4.75% that economists had expected. It is the fifth such rise since March as the country battles to tame inflation. India’s inflation rate, which is the highest among the Group of 20 leading nations, [...]

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