The reverse repo rate at which the central bank pays commercial banks for deposits was raised to 6.5 percent . 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 . 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 ).