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India's SBI to raise deposit rates from Dec 7


Dec 6 (Reuters) - State Bank of India (SBI.BO), the country's top lender, said on Monday it will raise deposit rates by between 50 and 150 basis points for various maturities, with effect from Dec. 7.

In November, India's central bank raised interest rates for the sixth time this year to tame stubbornly high inflation.

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