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Home News

India Raises Interest Rates For First Time In Four Years

Rate Captain by Rate Captain
June 13, 2018
in News
Reading Time: 1 min read
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India’s central bank raised interest rates for the first time in over four years Wednesday, citing concerns over a spike in inflation.

The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends to commercial banks — would be increased by 25 basis points to 6.25 percent.

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The rate was last hiked in January 2014.

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