July 29: Defending the baby steps taken by the Reserve Bank to contain the high headline inflation, the chief economic advisor, Mr Kaushik Basu, on Friday said more aggressive steps could have advers

Mumbai, July 27: Targeting to check the double digit inflation, RBI today hiked its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively, a move that could put pressu