RBI to go for 35 basis points hike in rates at next week's monetary policy meeting: Report

2513 Imported from a malfunctioning feed
edited July 27 in Business and Finance
imageRBI has hiked the rate by a cumulative 0.90 per cent in two tightening moves in May and June, responding to the runaway headline inflation which has consistently overshot the upper end of the target set for the central bank for many months.Referring to policy actions since April, when RBI introduced the standing deposit facility
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