RBI's decision to hike the rate was in consonance with expectations: SBI Chairman Dinesh Kara

State bank of India has said that RBI's decision to hike the rate was in consonance with expectations. SBI's Chairman Dinesh Kara said, Continuing strong job data from the Federal Reserve has made monetary policymaking a delicate balancing act for emerging economies' central banks. Beyond the rate hike, there is a bouquet of policies that attend to the microstructure of the market. He said, The proposal to address the issue of penal charges on services will bring a rul...