scorecardresearchRBI rate hike: RBI surprises with a 40 bps rate hike; here's what experts have to say

RBI rate hike: RBI surprises with a 40 bps rate hike; here's what experts have to say

Updated: 04 May 2022, 07:02 PM IST
TL;DR.
  • As inflation is soaring and expected to remain elevated, an interest rate hike of 25-50 basis points was long overdue.
Many experts think the rate hike will have a short-term negative impact on the market. Photo Credit: Reuters

Many experts think the rate hike will have a short-term negative impact on the market. Photo Credit: Reuters