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MUMBAI: Interest rates in India have peaked or are near a peak, O.P. Bhatt, chairman of State Bank of India , the country's largest lender said on Thursday.
The central bank has raised rates seven times in the past 12 months but headline inflation has remained high partly due to high food prices caused by a sudden shortage of fruits and vegetables.
The Reserve Bank of India is widely expected to raise rates by 25 basis points at its policy review on March 17
Source: EconomicTimes
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