25-April-2024
Economy News
 
Inflation set to avg to 9-year high at 6.9 pc in FY23: India Ratings and Research
19-May-2022

The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said on Wednesday. The RBI will hike rates by another 75 basis points and possibly up to 125 basis points (1.25 percentage point) as well if the turn of events and data are very adverse, India Ratings and Research said in a note.

News Source:- https://www.financialexpress.com/economy/inflation-set-to-avg-to-9-year-high-at-6-9-pc-in-fy23-india-ratings-and-research/2529042/
 
 
 

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