Economic TimesLean R·
Why RBI is tightening its hold on India
Broadening inflation, resilient economic growth and a growing chorus of global rate hikes are leaving India's central bank with little reason to hold borrowing costs steady at its October policy meeting.The Reserve Bank of India is facing a markedly different policy backdrop from its August meeting, where it kept the benchmark repo rate at 5.25% for a fourth consecutive bi-monthly review.Policymakers had said then that they preferred to wait for more evidence of inflationary pressures becoming …
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