Finance, Forex and Investments

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Summary: The Reserve Bank of India shocked the markets on Friday with a mini credit policy that went full throttle to tame inflation and credit growth, reports CNBC-TV18. The first to respond to the Reserve Bank's CRR and repo rate hike was the country's largest lender of consumer loans, ICICI Bank . It has increased its consumer loan rates by 1% to 12.75%.

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