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RBI ups inflation target to 7% by March

PUBLISHED ON: January 25, 2011 | Duration: 4 min, 08 sec

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The RBI has hiked its key short-term lending and borrowing rates by 25 basis points each to check inflation. At the same time, the central bank has also upped the inflation projection to 7 per cent by March-end, from the earlier estimated 5.5 per cent and warned against a possible spill over of high food and energy prices to a more generalised inflation.
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