Reddy-made shock: RBI raises credit rates

Mike Sangma & Jenncy Jacob / CNN-IBN

Time Published on Wed, Jul 30, 2008 at 01:08 in Business section

Tags Tags: RBI, Credit Policy , New Delhi

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INFLATION AGENDA: Central bank aims to suck out money supply to control inflation.

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New Delhi: The Reserve Bank of India aims to curb money supply and thus curb inflation by raising the repo rate and the cash reserve ratio in its new credit policy.

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