NEW DELHI (Reuters) - India has raised the interest rates on smalls saving schemes for the December quarter, a government statement said on Thursday, after the Reserve Bank of India (RBI) raised interest rates last month.
The central bank in August raised interest rates for the second straight meeting, but retained its "neutral" stance as it aimed to contain inflation while not choking growth.
(Reporting by Manoj Kumar; Editing by Malini Menon)
Disclaimer: No Business Standard Journalist was involved in creation of this content