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Forum › Financial › Asia › India interest rate rise to 9%
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India interest rate rise to 9%

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firdaus
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Joined: Jan 20, 2008
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PostPosted: Wed Jul 30, 2008 6:42 am    Post subject: India interest rate rise to 9% Reply with quote
news.bbc.co.uk/2/hi/bu...530424.stm

India central bank has raised the interest rate from 8.5% to 9%. Inflation have been running high in India that has been largely caused by the recent high oil and food prices.

India has been riding on high growth for the past decade. Will this put the breaks to their steamroller?
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