[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Indian economic news to share with you which is as undermentioned.
Rising oil prices and accelerating growth in vast swathes of the economy created a situation akin to a “tug of war”, prompting the Indian central bank to raise benchmark rates for the first time in more than four years, Asia’s richest banker Uday Kotak said Tuesday.
Kotak, who is the president-designate of the Confederation of Indian Industry (CII), defended the central bank’s move to harden rates by 25 basis points for the first time since the Narendra Modi government came to power. "I ..
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