As Rupee Falls, RBI Plans Its Third Half-Point Increase
The Reserve Bank of India is expected to raise its policy rate by half a percentage point for the third time in a row, as the rupee's drop to a record low this month complicates the fight against inflation. According to 34 of 46 economists polled by Bloomberg on Thursday, the Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%.... Read More