scorecardresearchRBI rate hikes may hit economic recovery: Finance Secretary

RBI rate hikes may hit economic recovery: Finance Secretary

Updated: 13 May 2022, 10:41 AM IST
TL;DR.
  • India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, Reuters reported on May 11.
Retail inflation surged to 7.79 percent in April, the fastest pace in eight years, owing to a surge in food and fuel prices, raising expectations that the central bank may favour more aggressive rate hikes in June to cool prices. Photo Credit: Reuters

Retail inflation surged to 7.79 percent in April, the fastest pace in eight years, owing to a surge in food and fuel prices, raising expectations that the central bank may favour more aggressive rate hikes in June to cool prices. Photo Credit: Reuters