No need for repo rate hike, RBI can use short-term rate tools to manage rupee: SBI
The report also argued against a repo rate hike even as global uncertainties and elevated crude oil prices continue to create pressure on currencies and financial markets
The News Flicker
The report also argued against a repo rate hike even as global uncertainties and elevated crude oil prices continue to create pressure on currencies and financial markets
The Reserve Bank of India (RBI) does not need to raise the repo rate in the upcoming monetary policy to manage pressure on the rupee, according to a report by SBI Research. The report stated that it…
Originally published by BusinessLine. Read the full article →
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