India’s rate hike a loud warning shot for Modinomics
It’s not often that events in Mumbai reverberate through global markets. But the Reserve Bank of India’s first interest rate hike in almost four years speaks volumes about the chaotic state of play. The inflation slamming Asia’s third-biggest economy and the rupee’s drop to record lows left RBI Governor Sanjay Malhotra with no choice but […] The post India’s rate hike a loud warning shot for…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
