Wednesday, April 30, 2008

Indian central bank hikes cash reserve ratio

(NEW DELHI) India's central bank yesterday unexpectedly ordered lenders to set aside more reserves for the second time in two weeks to tame runaway inflation.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,277147,00.html?

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