India's central bank hiked its main interest rate for the first time in more than three years on Wednesday, as the Middle East conflict stokes inflation in Asia's third-largest economy and batters a weakened rupee.
Reserve Bank of India governor Sanjay Malhotra said the benchmark repurchase rate, the level at which it lends to commercial banks, would be raised by 25 basis points to 5.50 percent, after a unanimous vote
Latest stories
Science Japan to launch historic round-trip mission to Mars moon
Japanese scientists are readying a mission to Mars's moons to retrieve samples that could help unlock the origins of the Solar System and life on Earth, in what aims to be the...
Arts and Entertainment Met Opera goes for big and bold, despite shaky finances
Given its well-documented financial woes, the Metropolitan Opera might not seem a likely place to find multiple bold and costly...
Science Musk back in the spotlight, but politics dims the awe
With a sports car that somersaults through the air, Elon Musk is back in the headlines for technological daring -- but his plunge into politics and his return to US President Donald Trump's side mean the world's richest man no...