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The Independent UK

National

Via AP news wire

India's central bank raises interest rate to fight inflation

Inflation India Shaktikanta Das

Copyright 2018 The Associated Press.All right reserved

India’s central bank on Wednesday raised its key interest rate to 4.9% from 4.4%, the second such hike in the last three weeks to contain inflation.

Reserve Bank of India Governor Shaktikanta Das said the decision was aimed at curbing price increases and mitigating the impact of geopolitical tensions, like the war in Ukraine.

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