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India makes surprise move in bid to curb prices

It raises reverse repo rate from 5.75% to 6% while keeping benchmark repurchase rate steady at 6.25%

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Published Thu, Apr 6, 2017 · 09:50 PM

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Mumbai

INDIA unexpectedly raised the reverse repo rate while keeping the benchmark unchanged, effectively tightening policy to step up the fight against accelerating inflation.

Bonds fell.

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