Ravi Ramu, president and CEO of Hothur Group, says it was better for the central bank to do a 50 basis points hike in key rates now rather than tinkering with key rates every three months or so. He adds that these steps need to be more definitive rather than sporadic in order to contain inflation. At the same time, industry growth should also not be hampered so the RBI needs to do a fine balancing act.
