India’s central bank unexpectedly raised rates – The Reserve Bank of India increased the benchmark reverse repurchase rate to 3.5% from a record-low 3.25% and the repurchase rate to 5 % from 4.75%, according to a statement in Mumbai.
India’s central bank unexpectedly raised rates – The Reserve Bank of India increased the benchmark reverse repurchase rate to 3.5% from a record-low 3.25% and the repurchase rate to 5 % from 4.75%, according to a statement in Mumbai.
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