FM Sitharaman says RBI's rate hike not a surprise, calls it part of synchronised event globally
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Finance Minister Nirmala Sitharaman on Saturday, May 7, said the recent decision of the Reserve Bank of India (RBI) to hike key policy interest rates is a part of the synchronised event by the central banks globally. Addressing a media event, Sitharaman said the RBI’s decision to increase policy rates has not surprised the government.