India’s financial progress to gradual if RBI hikes charges: Finance secretary

India’s financial progress charge is prone to gradual if the central financial institution hikes rates of interest, Finance Secretary TV Somanathan advised CNBC TV18 on Thursday.

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

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