The MPC unanimously backed the rate hike and indicated that future policy action would either be a further hike or a pause, effectively taking rate cuts off the table in the near term. The shift has strengthened expectations that the RBI has entered a new rate-hike cycle.
The MPC unanimously backed the rate hike and indicated that future policy action would either be a further hike or a pause, effectively taking rate cuts off the table in the near term. The shift has strengthened expectations that the RBI has entered a new rate-hike cycle.
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