India central bank raises key rate 35 bps as expected, says inflation remains elevated

India central bank raises key rate 35 bps as expected, says inflation remains elevated

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MUMBAI (Reuters) - The Reserve Bank of India's key repo rate was raised by 35 basis points (bps) on Wednesday as widely expected, the fifth straight increase, saying its battle against high inflation is not yet over. The monetary policy committee (MPC), comprising three members from the RBI and…

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