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Industry body calls for slower rate hikes

The Times of India Mumbai

November 28, 2022

CII Asks RBI To Moderate Pace Of Raising Repo As Global Woes May Impact Growth

Industry body calls for slower rate hikes

Mumbai: The Confederation of Indian Industry (CII) has asked the RBI to moderate its pace of monetary tightening as India is not immune to the global ‘polycrisis’. The polycrisis refers to multiple headwinds arising out of risk of a global recession due to rate hikes, high inflation and worsening financial conditions.

This story is from the November 28, 2022 edition of The Times of India Mumbai.

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