India’s ‘Goldilocks’ year curdles on weak rupee, Chinese inputs#Block1 #India #MakeinIndia #NarendraModi #ReserveBankofIndia #RupeeDepreciation #SanjayMalhotra #SouthAsia

Sanjay Malhotra warns inflation is spreading as RBI hikes rate for first time since 2023
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RBI raised the repo rate by 25 basis points to 5.5 percent, the first hike since February 2023, and shifted its stance to calibrated tightening.

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