Indian Financial system: India’s financial development to sluggish if RBI hikes charges: Finance secretary

India’s financial development price is more likely to sluggish if the central financial institution hikes rates of interest, Finance Secretary TV Somanathan advised CNBC TV18 on Thursday.

India’s central financial institution is more likely to increase its inflation projection for the present fiscal yr at its June financial coverage assembly and can think about extra rate of interest hikes, a supply stated on Wednesday.

The central financial institution hiked its repo price by 40 foundation factors (bps) to 4.40% following a emergency assembly earlier this month.
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