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CII worries about impact of hike on industry and growth

B Muthuraman, president of CII and vice chairman, Tata Steel believes that even though the most recent hike may look justifiable from the RBI’s point of view, it will definitely have an adverse impact on the growth of the economy.

July 27, 2011 / 09:00 IST
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The RBI announced a rate hike of 50 basis points today, 25 bps above expectations. On the back of this, the Sensex fell 353 points in trade today. B Muthuraman, president of CII and vice chairman, Tata Steel believes that even though the most recent hike may look justifiable from the RBI

TAGS: #B Muthuraman #Business #CII #rate hike #RBI #Tata Steel
first published: Jul 26, 2011 08:55 pm

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