Subbarao warns of rate hikes if rupee weakens further
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Former RBI chief Duvvuri Subbarao cautioned that persistent rupee weakness could lead to interest rate hikes. He highlighted factors such as FII outflows, high crude oil prices, and concerns regarding India's Current Account Deficit (CAD) as critical influences on monetary policy. Traders should monitor these developments closely for potential market impacts.
Not investment advice. For informational purposes only.