Interest rates are currently peaking in several economies, including the US and India. The Federal Reserve in the US and the Reserve Bank of India (RBI) have been gradually increasing rates to curb inflationary pressures and maintain economic stability. In India, inflationary concerns have been heightened by rising global commodity prices, elevated crude oil costs, and increased government spending. As a result, the RBI has adopted a hawkish monetary policy stance, raising key policy rates to rein in inflation.
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