BBCNEWS World Business Report June 4, 2024 04:46:00
Elevated because of the global jewel political concerns as well as high commodity prices, particularly crude oil which impact india quite badly because 80% of our crude oil needs are imported. that is why rates are likely to continue to go rates are likely to continue to 9° up rates are likely to continue to go up and the market is expecting that by the end of this financial year which is about april 2023, the reserve bank of india wall bring it back to pre— pandemic levels of 5.51% so we are staring at a scenario where interest rates are going up, inflation is already high but growth has s...
Source: archive.org
