News From Press Fed's uncommon 75 bps hike may push RBI to go for steep hikes

Fed's uncommon 75 bps hike may push RBI to go for steep hikes

Source: ET Jun 17, 2022

The US Federal Reserve's larger-than-expected 75 basis point interest rate hike on Wednesday will likely push the Reserve Bank of India (RBI) to step up its tightening cycle to maintain the differential between the two countries, traders and bankers said.

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