India Raises Interest Rates 50 Basis Points?

Image via WikipediaMUMBAI - MICOM: India's central bank (Reserve Bank of India) onTuesday (3 / 5) raised lending rates by 50 basis points, larger thanexpected.

The main interest rate hikes was the ninth in the 15 months tocontrol inflation, and the central bank warned that the move couldslow growth.

Read more »