What did the RBI do with interest rates yesterday?
Finshots Daily
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Why the Monitary Policy Committee Decided to Do What It Did Yesterday
The r b i wants to support this recovery. The one thing they don't want to do right now is bump up the rate. Let's suppose demand outstrips supply in a massive way. If this happens, we may see prizes rise again but only this time it will be induced by too much demand. And with supply chain bottle necks already keeping pace, inflation could really begin to hurt indian consumers.
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