June 2005
Asia Monitor: South Asia Monitor;Jun2005, Vol. 11 Issue 6, p2
Country Report
Country Report
The article presents information on political and economic risks of India. India has resumed military aid to insurgency-racked Nepal after King Gyandandra's government lifted a state of emergency and freed dozens of political prisoners. The Reserve Bank of India, the central bank, has raised interest rates in a surprise move aimed at reining in inflation. At its April 28, 2005 policy meeting, the bank increased the short-term reverse repo rate by a quarter of a percentage points to 5.00%, the highest level since July 2003.


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