RBI taking inflation, inflationary expectations seriously: Uday Kotak

The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.

from Banking/Finance-Industry-Economic Times https://ift.tt/6sNv4GW