Rajan says RBI may be done with rate hikes for now

After two rate hikes in less than six weeks aimed at curbing inflation, RBI governor Raghuram Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed. "We think we have done enough (on rate hikes) given what we know about the economy to wait and watch and see what happens," Rajan told analysts in a customary post-policy conference call.

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