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

|By:, SA News Editor

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%.