The government`s measures to counter inflation seem to contradict in itself.
Every interest rate hike is almost follwed by a hike in petrol ,diesel and LPG price.
petrol price has been invariably hiked on past three occassions latest hike being Rs.3.18
To compound the situation further INR has been depreciating. Between 30-june till date INR has depreciated almost 7%
Despite all rate hikes, inflation is still above comfort zone. And We believe another 75- 100 baiss points rate hike are still on the cards
Every interest rate hike is almost follwed by a hike in petrol ,diesel and LPG price.
petrol price has been invariably hiked on past three occassions latest hike being Rs.3.18
To compound the situation further INR has been depreciating. Between 30-june till date INR has depreciated almost 7%
Despite all rate hikes, inflation is still above comfort zone. And We believe another 75- 100 baiss points rate hike are still on the cards
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