Understanding the trajectory of interest rates | In Focus podcast
Earlier this month, the RBI\u2019s Monetary Policy Committee raised the benchmark interest rate by another 50 basis points in its ongoing efforts to rein in inflation that has persistently stayed above the central bank\u2019s upper tolerance band of 6% for six months running. The interest rate increase takes the policy repo rate to 5.4%, and, more significantly, to a level last seen in the pre-pandemic second quarter of fiscal 2019-20.\xa0\nGuest: Abheek Barua, Chief Economist at HDFC Bank\xa0\nHost: K. Bharat Kumar\nEdited by Reenu Cyriac