You are here
Home > BUSINESS > India Raises Interest Rates For First Time In Four Years

India Raises Interest Rates For First Time In Four Years

Please follow and like us:

  • 363
  • Share
India’s Prime Minister Narendra Modi. Money SHARMA / AFP

 

India’s central bank raised interest rates for the first time in over four years Wednesday, citing concerns over a spike in inflation.

The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends to commercial banks — would be increased by 25 basis points to 6.25 percent.

The rate was last hiked in January 2014.

More to follow…

The post India Raises Interest Rates For First Time In Four Years appeared first on Channels Television.

Facebook Comments

Please follow and like us:

  • 363
  • Share

Leave a Reply

Top