India's high inflation will likely persist despite surprise rate hike, says economist - CNBC

The Reserve Bank of India on Wednesday surprised markets by raising the key borrowing rate for the first time in nearly four years.

Inflation in India will likely continue to trend above 6% for the rest of this year despite this week's surprise rate hike, senior economist at Kotak Mahindra Bank, Upasana Bhardwaj, told CNBC on Thu… [+2641 chars]

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