Indian Shares End Higher ?

MUMBAI -- Indian shares ended higher for a second straight day Thursday, driven by strong opening gains in European bourses and hopes India's central bank will focus more on stimulating growth as inflation eases further.

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India's Economy Grows 7.7%?

NEW DELHI -- The Indian economy grew at a steady pace in the April-June quarter due to strong expansion in services output, raising expectations that the Reserve Bank of India will continue tightening monetary policy to restrain inflation.

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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.

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