RBI Governor Raghuram Rajan on Friday surprised the industry and shocked the stock markets by hiking the short-term policy rate by 0.25 per cent to keep ."worrisome" inflation under check, a move that may increase EMIs for home and auto loans in the medium term.<br />Contrary to the expectations of the industry and experts, Dr Rajan in his maiden policy opted for a hawkish monetary policy stance ahead of the festive season instead of shifting the focus to promotion of growth by lowering interest rates to generate demand.<br /><br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
