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RBI Hikes Rate, Continues Inflation Battle
The Reserve Bank of India (RBI) today hiked the repo rate - the interest rate banks pay when they borrow funds from the central bank - by 0.25% in its...
India Demonetizes Currency After 36 Years
India’s central bank, the Reserve Bank of India, came out with a surprise announcement today that it will withdraw all banknotes printed before 2005...