Treasurers brace for further interest rate rise in India
India’s central bank increased the repo rate for the second time in two months, but the potential for a slowdown means these rate increases could also be reversed.
Corporate treasurers with interests in India are bracing for further hikes in the cost of borrowing following the Reserve Bank of India’s decision last week to raise its repo rate – the rate at which banks borrow – for the second time in two months.
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