India International Political Economy

The India central bank, the Reserve Bank of India, raised interest rates in an effort to fight inflation according to Bloomberg.

The move the Reserve Bank of India to increase the repurchase rate from 7.75 percent to 8 percent is the first rate hike in 15 months.

With increased global monetary tightening, the India economy now joins the list of many economies that expect a slow down as the US economy continues to lead in the global slowdown.