⚡Reserve Bank of India Hikes Interest Rate by 40 Bps to 4.40% to Contain Inflation

While the inflation has remained above the targetted 6 per cent since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high. The retail inflation print for March stood at 6.9 per cent. The RBI has done the first rate hike since August 2018.