Quantum of rate hike proves RBI was behind the curve
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
When RBI raises the rate, the bank's borrowing costs go up, which reduces money supply and checks inflation.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.