RBI Governor Urjit Patel raises currency war flag
RBI governor Urjit Patel did not think it is time to take his feet off the pedal in the rate-hike cycle, while the government was satisfied with the pace of inflation. After October 2013, it is the first time that RBI has gone for a consecutive rate hike.
Reserve Bank of India (RBI) agreed with the government that the Indian economy would grow at 7.4% for 2018-19 but has different views on inflation. Image source: PTI