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Article: BRIEFING - ASIA BANKING - JUNE 23, 2008.
- Article from:
- AsiaPulse News
- Article date:
- June 23, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on banking for June 23, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S RBI MAY HIKE RATE 25% BEFORE JULY: ECONOMISTS
NEW DELHI - Reserve Bank of India may soon raise the interest rate for short-term lending to banks once again as a measure to control the unabated rise in inflation that shot to 13-year high at 11.05 per cent, economists said.
The short-term lending rate (repo rate) is currently ruling at 8.0 per cent and this may be increased to 8.25 per cent even before the July policy announcement.
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