Thursday, September 16, 2010

India hikes interest rates for fifth time this year

India's central bank raised its main interest rates more than expected on Thursday, springing the fifth hike in six months as it tries to tame inflation in Asia's third-biggest economy.

The Reserve Bank of India (RBI) raised its main repo rate -- the rate at which it lends to commercial banks -- by 25 basis points to 6.0 percent, in line with analysts' forecasts.

http://news.smh.com.au/breaking-news-world/india-hikes-interest-rates-for-fifth-time-this-year-20100916-15et8.html

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