Reserve Bank of India raises key interest rates . Inflation climbed to 9.06 percent in May . Comment: The government is printing money, and the central bank has been buying up a lot more than it needs for that purpose ( which means they are not actually selling any new bonds ).
Reserve Bank of India raises key interest rates . Inflation climbed to 9.06 percent in May . Analysts say the government wants to tame inflation even at the expense of growth .