Economics
India Raises Benchmark Rates for Second Straight Month to Tame ‘Steep’ Inflation
- RBI sees inflation above 6% tolerance level for three quarters
- Das drops mention of “staying accommodative” in policy address
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India’s central bank raised the key interest rate for a second straight month and pledged to withdraw the pandemic-era accommodation as it steps up its fight to tame prices that have been running above its target band since the beginning of the year.