RBI set to prescribe rate hike to tame inflation

Despite signs of moderation in growth, the Reserve Bank of India is likely to raise policy rates in a bid to contain rising inflation. Economists are unanimous that the RBI is likely to hike policy rates by another 0.25 per cent in Thursday's mid-quarter policy review. A hike in policy rates will force banks to increase their lending rates making auto, home and other loans expensive.
 

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