Rupee weakness may prompt rate hikes: Former RBI chief

Rupee weakness may prompt rate hikes: Former RBI chief Former RBI Governor Subbarao warned that further depreciation of the rupee could force the central bank to hike interest rates. A weaker rupee may stoke inflationary pressures, limiting the RBI's policy flexibility. Rate-sensitive sectors like realty and banking could face headwinds if tightening looms.

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