Inflation will slide below 7% in April: Kaushik Basu

The Reserve Bank of India hiked key policy rates by 25 basis points in a bid to keep a tab on rising inflation. Most analysts expected a similar result from the policy including Chief Economic Adviser Kaushik Basu.

March 17, 2011 / 17:44 IST

The Reserve Bank of India hiked key policy rates by 25 basis points in a bid to keep a tab on rising inflation. Most analysts expected a similar result from the policy including Chief Economic Adviser Kaushik Basu.

Basu said that the RBI has hiked rates to dampen inflationary pressure but a sharp rate hike will hit employment numbers.

first published: Mar 17, 2011 05:38 pm

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