Business News This Week
The inflation mounts to 9.44 per cent from 9.06 per cent in June. The inflation in last June was around 10 per cent.
To check the inflation, the Reserve Bank of India had hiked the interest rates for ten times since March 2010.
Following that the hike from RBI, most of the banks have hiked the primary lending rates making loans dearer for the customers.
The central government adding insult to injuries hiked the diesel, LPG and kerosene which escalated the inflation further.
Experts believe that the high inflation might is the biggest concern for Indian economy.
To check the inflation, the Reserve Bank of India had hiked the interest rates for ten times since March 2010.
Following that the hike from RBI, most of the banks have hiked the primary lending rates making loans dearer for the customers.
The central government adding insult to injuries hiked the diesel, LPG and kerosene which escalated the inflation further.
Experts believe that the high inflation might is the biggest concern for Indian economy.
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