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India hikes interest rates for the 8th time in the last year, raising its benchmark 25 basis...
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Thursday, March 17, 2011, 7:34 AM ETIndia hikes interest rates for the 8th time in the last year, raising its benchmark 25 basis points to 6.75%. In an ominous statement the RBI says, "The underlying inflationary pressures have accentuated, even as risks to growth are emerging." India -1.1%.
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