What did the RBI do with interest rates yesterday?
Finshots Daily
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Finch Shots Daily - Part 2
There's been a renewed debate about fiddling with the interest rate thanks to one key concern, inflation. When price begin rising across the board, the r b i can intervene and adjust the interest rate upwards. This makes borrowing more difficult, and people will have a hard time accessing funds. If they don't have as much money to spend, it can help quell demand. And economist swear by this method.
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