scorecardresearch
News
LATEST
Economy
Economic growth to slow if RBI hikes interest rates: Finance Secy

Feedback

Economic growth to slow if RBI hikes interest rates: Finance Secy

India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source said. 

The central bank hiked its repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month. The central bank hiked its repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month.

India's economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday.

India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source said on Wednesday.

The central bank hiked its repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month.

TAGS:

BT TV