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The Independent UK
The Independent UK
National
Via AP news wire

India's central bank raises interest rate to tame inflation

Inflation India Shaktikanta Das Oil RBI
Copyright 2022 The Associated Press. All rights reserved

India’s central bank on Wednesday raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation.

Reserve Bank of India Governor Shaktikanta Das said after an unscheduled meeting of the bank's monetary policy committee that the central bank would maintain an “accommodative" stance to help support the economy while keeping inflation in check.

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