кракен ссылкакракен ссылка kraken darknetkraken darknet

India hikes interest rates by 25 basis points

MUMBAI, June 16, 2011 (AFP) - India's central bank on Thursday raised its key short-term interest rates by 25 basis points -- its 10th hike in 16 months -- in a bid to tame high inflation stuck at "uncomfortable levels." The Reserve Bank of India raised its repo rate -- at which it lends to commercial banks -- to 7.50 percent and increased the reverse repo -- the rate it pays to banks for deposits -- to 6.
online pharmacy ivermectin no prescription

50 percent.

The repo rate is now at its highest since November 2008.

"Inflation persists at uncomfortable levels and much above our comfort zone," the RBI governor Duvvuri Subbarao said in a statement released after bank policymakers met in Mumbai.

The central bank decision came after data this week showed annual inflation accelerated to a higher-than-expected 9.
buy premarin online buy premarin online no prescription
06 percent in May, from 8.66 percent the previous month.

This is well above the RBI target of 5.0-6.0 percent.

Subbarao maintained a hawkish tone, saying a short-run slowdown in growth may be unavoidable as the bank maintains its "anti-inflationary" monetary policy stance.

online pharmacy fluoxetine no prescription

Analysts had expected the increase and say further hikes are still likely in coming months.

India's Sensex opened lower before the meeting, as

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x