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India’s central bank raises rates for first time since 2023

Two Wall Street banks expect the RBI to hike again in December, citing ongoing inflation risks.

Reported · Written up by our desk · Central Banks

India’s central bank increased interest rates for the first time since 2023, as inflation risks build, according to CNBC.

CNBC also cited expectations from HSBC and Goldman Sachs that the RBI will raise rates again in December.

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Sources

CNBC EconomyIndia’s central bank hikes rates for the first time since 2023 as inflation risks build
CNBC EconomyIndia’s central bank hikes rates for the first time since 2023 as inflation risks build

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