From Komfie Manalo, Opalesque Asia:

The Reserve Bank of India (RBI), the nations central bank is hoping to tame persistent inflation by raising interest rates for the ninth time since March 2010, bringing them to 7.25% (up 0.50%). At the same time, the RBI announced that the reverse repo rate would be raised to 6.25%, while the cash reserve ratio was retained at 6%.

In a report pre