Synchronised rate hikes can spark recession: RBI Governor

Synchronised rate hikes can spark recession: RBI Governor

• By Staff Writer

Reserve Bank of India (RBI) Governor Shaktikanta Das said that synchronised tightening of monetary policy globally can increase the risk of recession to tame inflation. However, he added that India is placed differently. The RBI has increased the repo rate by 50 basis points (bps) in each of the previous three policy reviews by the central bank's Monetary Policy Committee.