India rates rise
2008-6-12 |
NEWSPAPER EDITION
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INDIA'S central bank raised interest rates for the first time in 15 months, the latest in a global wave of monetary tightening to combat a surge in inflation sparked by food and energy costs.
The Reserve Bank of India increased the repurchase rate to 8 percent from 7.75 percent, according to a statement in Mumbai. The move came seven weeks before the bank's next scheduled monetary policy meeting on July 29.
India rates rise
INDIA'S central bank raised interest rates for the first time in 15 months, the latest in a global wave of monetary tightening to combat a surge in inflation sparked by food and energy costs. The Reserve Bank of...
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