RBI rate hike with a fuel price hike thrown in! Who is managing this inexplicable timing? The latest tightening of rates by RBI, with another one perhaps soon after, can only help in unsettling market sentiments and make the economic outlook darker, which is the greatest foe of the common consumer. Though the latest fuel hike will brighten up the balance sheets of oil companies, but will also heavily impact food prices.
R Narayanan, Ghaziabad (FE)
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