Opinions

RBI MPC announcements: Central bank completely focused on fighting inflation, hence 50 bps rate hike but it is surprising, says Mythili Bhusnurmath


Indian shares advanced, the rupee strengthened and bond yields rose after the country’s central bank hiked a key policy rate for the third time to tackle persistently high inflation in Asia’s third-largest economy. “The central bank is completely focused on fighting inflation” Listen in to ET NOW’s consulting editor Mythili Bhusnurm’s first take on 50 bps rate hike and why it surprised her.



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