AgNoStiC MuSliM
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Also with an inflation of around 11% and PNR depreciation of about 10%, do you think a 7% hike is indeed a "hike" or even "freeze".
Aray bhai, as I said before, this point was mentioned the day the news of the "cut" came out - that the "cut" was going to be in terms of inflation and the devaluation of the rupee.
As I said before, no one focused on the details of the news report at the time, and now some people are making a fuss over an "8 percent raise".
There was no about turn, there was no "change in policy". The "cut" was always meant to be after taking into account inflation and devaluation.