BENGALURU (Reuters) - The Reserve Bank of India will raise its main interest rate by 25 basis points on April 6 and then pause for the rest of the year, according to a Reuters poll of economists who said the central bank would still maintain its tightening stance. | 10:26pm
Inflation in India remains above the RBI's upper tolerance limit of 6%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again.
Inflation in Asia s third-largest economy remains above the central bank s upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again.
India's tea industry was worried after the Ukraine war disrupted trade with Russia, its biggest buyer, but tea growers have recaptured the Russian market | BLiTZ