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India’s Rate Panel Signals Possible Hikes, Cautions Against Aggressive Tightening

India’s Rate Panel Signals Possible Hikes, Cautions Against Aggressive Tightening

Minutes from India’s monetary policy committee indicate members see room for further rate increases to rein in inflation. However, they warned against an overly aggressive cycle given risks to economic growth.

Original headline

India rate panel flags more hikes but wary of aggressive cycle, minutes show