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India raises interest rates for first time in three years
Original: India raises interest rates for first time in 3 years
India's central bank has increased interest rates for the first time in three years, marking a shift in monetary policy as inflation pressures build. The move, reported by the Financial Times, signals the end of an extended period of accommodative policy and is likely to affect borrowing costs for Indian households and businesses, with markets watching for further tightening.
Why now: A first rate hike in three years signals a major monetary policy shift with wide economic implications.
Evidence
- India raises interest rates for first time in 3 years · Financial Times
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