RBI's move to raise rates, good monsoon will help contain inflation: CII prez

The Reserve Bank's decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation, Sanjiv Bajaj, the newly-elected president of industry body CII, said on Monday. "I do believe that we are now in an era of higher interest rates. This will help us in bringing down inflation, at least a part of that going forward," Bajaj said, addressing his maiden press conference after taking over as the CII chief.

RBI's move to raise rates, good monsoon will help contain inflation: CII prez
The Reserve Bank's decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation, Sanjiv Bajaj, the newly-elected president of industry body CII, said on Monday. "I do believe that we are now in an era of higher interest rates. This will help us in bringing down inflation, at least a part of that going forward," Bajaj said, addressing his maiden press conference after taking over as the CII chief.