Meta signs a deal with Mukesh Ambani's Reliance Industries to lease an AI-enabled data center in India.
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Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street.
Price growth has been boosted by a surge in global commodity costs, as the Middle East conflict disrupted energy and raw material flows.
Prime Minister Narendra Modi faces his biggest test as India's appeal as the world's fastest-growing economy dims for global investors.
In a statement, the central bank said this was also a "pre-emptive measure" to maintain inflation within the government's target range of 1.5% to 3.5%.