Rajan Fights India Inflation in Surprise Rate Hike

Rajan Fights India Inflation in Surprise Rate Hike Play

Sept. 20 (Bloomberg) -- Bloomberg News’ Harsha Subramaniam reports that India’s central bank Governor Raghuram Rajan raised the benchmark interest rate in his first policy review by a quarter point to 7.5 percent, the first increase since 2011 in a surprise move to stem inflation. He speaks on Bloomberg Television’s “The Pulse.”

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