RBI rate hikes affecting economic growth: Finance Minister Pranab Mukherjee at internet Business blog. The actual Reserve Bank of India's (RBI) monetary tightening is affecting the country's economic growth, Finance Minister Pranab Mukherjee informed reporters on Friday, after the central bank delivered its 12th rate hike within the last 18 months.The RBI lifted its policy lending price, called the repo rate, by 25 basis points in order to 8. 25%, in line with expectations, as it persisted
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