Comments on: Was the repo rate hike necessary? Straight from the Specialists Sun, 06 Mar 2016 13:25:08 +0000 hourly 1 By: pd111 Sun, 22 Sep 2013 20:28:02 +0000 Probably someone who understands inflation better than any governor, will wait and watch. Fingures crossed, we may be on the right path – it’s not fun for the ageing population to lose their spending power and inflation eats away the real gdp growth. Growth needs to be sustainable and inclusive, and raising the interest rate would be the right thing to do to contain inflation, contain asset price bubble – how many average workers in Mumbai can actually afford a flat (I am talking about the down payment here, one could argue lower interest rate increases affordability – I argue it only helps increase the bubble, an increase in rate (in the current environment) would ultimately help all who make a genuine living.