Rising inflation coupled with slow growth has been a major cause of concern for the Reserve Bank of India. In yet another attempt to boost the economy, the bank is set to raise rates for the first time in this financial year (FY12). How much would that hike be? That has been a debatable topic for some time now.
The Reserve Bank is behind the curve in rate tightening and thus it should raise rate by 50 basis pointsDiscover 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!
