Rising global commodity prices have sparked concern among policymakers, with Reserve Bank of India announcing its first interest rate hike in nearly four years this month
Cooking gas cylinders are stacked in a truck in Mumbai on May 4, 2022. India's central bank announced a surprise interest rate hike, as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war.​ (Credits: Punit PARANJPE / AFP)