Hike in Interest Rate Will Hopefully Lead to Stabilisation of the Economy
1 August 2018
Commenting on the repo rate hike by the RBI, FICCI says that given the evolving inflation situation, the increase in the repo rate by the RBI was expected. By front loading the interest rate hikes, the RBI is looking at minimising the adverse impact of rising inflation on the economy as well as providing support to the rupee. FICCI anticipates that following this increase there will be stabilisation of the interest rate regime.