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Home | India Faces Continuing Inflation, Raises Interest Rates |
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India Faces Continuing Inflation, Raises Interest Rates
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- September 19, 2011
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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%.
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 points to 8.25%. India has been struggling to contain inflation which is at a 13-month high of 9.78%....
- Read more at:http://www.1888pressrelease.com/india-faces-continuing-inflation-raises-interest-rates-pr-335909.html
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