India's interest rate gap with G7 in focus as RBI weighs inflation risks: Report
India's monetary policy is now shaped by the interest rate gap with major developed economies and rising inflation. The Reserve Bank of India is concerned about inflation risks and input cost increases. Recent GDP growth figures indicate resilience supported by strong private consumption and exports. YES Bank predicts a cumulative rate hike of 50 basis points by the RBI.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
