RBI hikes short term rates to tame inflation

Last updated: 27 July 2010

RBI hikes short term rates to tame inflation The Reserve Bank has raised its short-term lending and borrowing rates by 0.25 pc and 0.50 pc respectively to bring inflation to 6 pc by March 2011 from double digits now, but the move would put pressure on banks interest rates. In its monet

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