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Home | Indian Central Bank Tries to Curb Inflation; Perhaps Not the Best Method |
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Indian Central Bank Tries to Curb Inflation; Perhaps Not the Best Method
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- July 02, 2011
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Corolla Financial Report: The Reserve Bank of India has hiked interest rates again in its attempts to curb inflation. With high food prices, and higher fuel prices looming, this move will likely turn out to be fruitless.
The Reserve Bank of India raised the cost of borrowing from 7.25% to 7.5%, the 10th rise since March 2010, continuing to fight rising prices in the country. Wholesale prices in India rose by a faster-than-expected 9.06% in May, as rising food and fuel costs kept up the pressure on inflation. Prime M...
- Read more at:http://www.1888pressrelease.com/indian-central-bank-tries-to-curb-inflation-perhaps-not-the-pr-315415.html
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