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RBI must continue its hawkish monetary stance: HSBC

HSBC's Leif Eskesen believes the Reserve Bank of India may raise interest rates further to deal inflationary pressures. The apex bank on Tuesday raised the repo rate by 25 bps to 7.75 percent and reduced the MSF by 25 bps to 8.75 percent.

first published: Oct 29, 2013 04:33 pm

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