 "RBI, reserve bank of india")
India's central bank hiked its key lending rate in a surprise move on Wednesday fearing "shocker" inflation numbers for April, a person aware of the matter said, adding the ultimate aim is to reverse its pandemic-era ultra-loose rate regime.
The Reserve Bank of India (RBI) raised the repo rate by 40 basis points to 4.40%, in its first rate move in two years and its first rate hike in nearly four years.
"It looked imminent that the April (inflation) number which will arrive on May 12 will be a equal shocker," the person, who declined to be named because the
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