April 6, 2022

As RBI Helps Cash-Starved Govt Borrow Cheaply, Runaway Inflation Bites

reporter

Central banks have begun rolling back pandemic-year interest rates cuts that fueled inflation but the RBI hasn’t. While the RBI claims it needs low rates to spur growth, the central bank is helping the cash-starved government keep its borrowing cost low by not hiking the rates.

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