Quantum of rate hike proves RBI was behind the curve
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.