RBI to increase interest rates

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India's central bank raises interest rate to tame inflation


India's central bank that is reserve bank of India to increase interest rate in effect of raising inflation governor Shaktikant Das said.
Central bank has raised key interest rates to 4.4% from 4.0%
It has incresed 40bps to interest rates

Comsumer Price Index of India surged to 7% in March from 6.1% in February.
It is largely reflecting higher cost for imports of coal,oil and food.Das also mentioned global shortage of wheat and edible oil.


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