Industry body calls for slower rate hikes

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

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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.