Reserve Bank of India governor Shaktikanta Das has categorically said that the central bank will raise interest rates in June when the Monetary Policy Committee holds its next meeting. The hike would follow the 40 basis points increase in repo rate announced by the RBI in May, which took the rate to 4.40 per cent. “Any continued pressure on headline …
The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their …
