RBI Turns Hawkish: Experts Comment On 25 bps Hike And Shift To 'Calibrated Tightening'

The central bank has reversed course after a long easing cycle and shifted its stance to "calibrated tightening". Economists, bond-market experts and bankers say inflation, not growth, is now the priorityFor nearly two years, the Reserve Bank of India's message to borrowers was relief. On 7 October…