India lifts key rate to 6.25%, slowing hikes as inflation eases

India lifts key rate to 6.25%, slowing hikes as inflation eases

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NEW DELHI -- The Reserve Bank of India on Wednesday raised its benchmark repo rate by a relatively modest 35 basis points to 6.25%, keeping a brake on inflation that is easing but still exceeding the central bank's target range. The latest hike, the fifth in a row, follows a decline in India's…

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