Rating agency ICRA sees India's policy rate hike shallower than US

New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.

Aiming to view to addressing high inflation in the US, America's central bank has recently hiked policy rates by a steep 75 basis points, wh