Inflation at manageable level: Finance Minister Nirmala Sitharaman

The comments by the finance minister came a day after RBI hiked interest rate by 50 basis points in a bid to bring inflation to its comfort zone and in line with aggressive policy tightening by key global central banks. The third straight hike took the overall increase in the federal fund rates by 190 bps to 5.90 per cent – the highest since April 2019.

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