India's Interest Rate Rise Tests an Uneven Economy
India has raised its interest rate, and the Financial Times says the move tests an economy moving at two different speeds. The headline suggests some parts of the economy are doing better than others.
Context
Context: Central banks raise interest rates to slow inflation, which makes loans costlier for homes, cars and businesses. The Reserve Bank of India sets the key rate, so this change can affect EMIs for many households.
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