RBI expected to hike interest rate, but will it be an effective way to contain inflation?
Rate hikes, it turns out, are an unreliable instrument for managing currency pressures rooted in global risk sentiment. By Apoorva Javadekar, Chief Economist at Shriram GroupWhen the RBI’s bulletin, published ten days ahead of its October Monetary Policy meeting, carries a chart titled “Broad-Based Uptick in CPI Headline Inflation”, the direction of travel for interest […]
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