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

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%.
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  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Hiking interest rate never works there. Prices always goes up there no matter what and never comes down.
    17 Mar 2011, 08:01 AM Reply Like
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