RBI to curb inflation
Mumbai: Reserve Bank Governor Raghuram Rajan has made a surprise to the markets by raising the main policy rate by 0.25 per cent to 8 per cent in an effort to curb inflation.
This is an attempt that may interpret the higher EMIs and push up the cost of borrowing for the corporate.
Raghuram Rajan was unveiling the Third Quarter Policy review of RBI.
It is assumed that Rajan would keep up the status quo on rates to support the financial growth. According to him inflation is a disease which dest...