Respected Sanjay sir,
With respect to current economic scenario, does RBI hikes benchmark policy rates so as to bring about the parity with US interest rates in addition to taming the domestic rising inflation?
I’m asking this bcoz recently I heard,in one of the youtube video, that RBI can hike rates in order to bring about the parity with US rates.
I think covered IRP will take care of this interest rate differences. So, I don’t think that RBI hikes rates considering this. Am I correct?
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