India hikes interest rates for the 8th time in the last year, raising its benchmark 25 basis...

|By:, SA News Editor

India 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%.