Interest rate expected to increase for the tenth time in 16 months.

By bne IntelliNews June 14, 2011
Indian policy makers are looking forward to increase interest rates for the tenth time in last 16 months. As reported by Agence France Presse, inflation is currently running at 8.5%, which is the highest of all the Asian economies. Thus, the Reserve Bank of India is planning to bring down the cost of living. The inflation has been nagging in the economy, economic growth being 8.5% in 2010-2011 as compared to 7.4% in 2009-2010.

Interest rate expected to increase for the tenth time in 16 months.

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