The Reswerve Bank of India has swerved into the inflationary winds with a 40 basis point hike in the Repo rate and 50 basis points in the Comedy Reserve Ration. Here's what this means for you.
Madhav Nadkarni, CFO of Unity Infra Projects, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, gave opinion on the RBI policy that even after the 25 bps rate hike, there is another possibility of interest hike. He also added that this rate hike will not be good for the infra sector because of the intensive working capital.