Hike in In­ter­est Rate Will Hope­fully Lead to Sta­bil­i­sa­tion of the Econ­omy

FICCI Business Digest - - Upfront -

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.

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