Decoding RBI’s peek-a-boo rate hike, liquidity-sapping move to arrest inflation and its wider impact

Economists, stock market analysts are baffled by RBI’s rate hike as it was only a month ago that the central bank indicated that it had no intention of raising interest rates to tame inflation. Some experts say that since India’s inflation is driven by supply-side disruptions, a hike may not help. But is anyone looking at the falling rupee?

from Economy-Prime-Economic Times