Jim Walker, the managing director of Asianomics Limited says the RBI's rate hike is inline with their expectations.
The tone of the Reserve Bank of India's (RBI) credit policy move of a 50 basis points hike came as a surprise to Jim Walker the managing director of Asianomics Limited. "They are much more worried about the way the government is acting and the likelihood of a blowout in the fiscal deficit," he says.
Jim Walker, managing director of Asianomics Limited, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that a hike of 50 basis points has come like a surprise.