Not surprised if RBI increases rates by 25%: Rangarajan: "With a spike in food inflation, C Rangarajan, Chairman of Economic Council to the Prime Minister, today said he would not be surprised if RBI hikes the rate by 25 basis points to contain it.
Replying to a question about whether he expected another hike in the rates due to the increase in food inflation, Rangarajan said, 'I will not be surprised if the RBI raises the rate by 25 basis points'. "
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