Friday, September 20, 2013

India's Central Bank Chief Orders Surprise Rate Hike - AFP

India's central bank chief orders surprise rate hike (via AFP)

India's new central bank governor marked his first policy meeting Friday with a bold decision to hike interest rates, wrong-footing analysts and leading to sharp falls on the stock market. Reserve Bank of India (RBI) chief Raghuram Rajan, who had warned…



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