RBI Lifts Rates by 25 points to 7.75%

India’s central bank on Tuesday hiked interest rates for a second straight month, sending a message that fighting inflation remains the priority for now.

The Reserve Bank of India raised the benchmark repo rate by 25 basis points to 7.75 percent, in line with expectations.

Since last month’s decision, inflation data from Asia’s third-biggest economy have provided grim reading for Raghuram Rajan, who took the helm as Reserve Bank of India (RBI) Governor in early September.


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