Rate hikes, inflation hit sentiment - Sify
Story date: 2008-06-29 08:47:00
Added on: 2008-06-29 21:08:36
The Reserve Bank of India (RBI) raised the repo rate by 50 basis points (bps) and the cash reserve ratio (CRR) by 50 bps last week to fight surging inflation expectations. Inflation as measured by the wholesale price index (WPI) came in at 11.42% for ...
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