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Increasing its inflation forecast from 5.5% to 7%, the RBI raises its key lending rate 25 basis...

Increasing its inflation forecast from 5.5% to 7%, the RBI raises its key lending rate 25 basis points to 6.5%. "Inflation is the dominant concern ... the reversal in (its) direction is striking," says RBI chief Subbarao. India -0.95%. Premarket: [IBN] -2.4%.
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