I’m using Visual Studio 2010 and C#. How can I indent the selected text to left/right by using shortcuts?

In the Delphi IDE the equivalents are Ctrl+Shift+I and Ctrl+Shift+U
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Tab and Shift+Tab will do that.
Another cool trick is holding down ALT when you select text, it will allow you to make a square selection. Starting with VS2010, you can start typing and it will replace the contents of your square selection with what you type. Absolutely awesome for changing a bunch of lines at once.