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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
