Ranghuram Rajan is handed flowers
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Surprise as new India bank boss raises interest rates

The new head of the Indian Central Bank has announced a surprise hike in interest rates, causing stock markets to tumble.

Ranghuram Rajan announced on Friday that he is worried about rising food prices - but investors fear for the country's growth.

Sameer Hashmi reports from Mumbai.

  • 21 Sep 2013
  • From the section India
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