RBI set to raise rates; outlook on growth, inflation in focus

The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to stay above its tolerance band but markets will be looking to its outlook on growth and prices for direction. A strong two-thirds majority in a Reuters poll said it was still too soon for the central bank to take its eye off inflation.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News