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- Ratings firm Icra says India's central bank is expected to raise rates further next week
Ratings firm Icra says India's central bank is expected to raise rates further next week
Ratings firm Icra says India's central bank is expected to raise rates further next week amid June's inflation data and rising state spending. The RBI did its first increase in 4 1/2 years last month, but Icra expects policymakers to maintain their neutral stance amid a lack of clarity regarding on inflation and fiscal trends.
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