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The RBI hikes more than expected, raising its benchmark lending rate 50 basis points to 7.25%....
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Tuesday, May 3, 2011, 7:15 AM ETThe RBI hikes more than expected, raising its benchmark lending rate 50 basis points to 7.25%. Even after a series of increases, real rates remain negative as inflation is running near 9%. Banking shares take a hit. HDB -2.4%, IBN -2.8% in Mumbai.
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