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لوسيل نيوز
India central bank hikes rates to 5.5 percent
The Reserve Bank of India has raised its standard repo rate by 25 basis points to 5.5%, marking the first increase in nearly four years, as part of efforts to combat rising inflation. This move comes amid escalating inflation pressures and an improving economic performance, aiming to curb inflation that has exceeded the target, with expectations that interest rates will continue to rise to effectively control inflation.
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