MUMBAI - India's central bank on Wednesday hiked rates for the second time in two months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.
The Reserve Bank of India raised its key repo rate by 50 basis points to 4.90 percent, a month after kicking off an aggressive monetary tightening cycle with a surprise 0.4 percentage point rise.
Agence France-Presse
