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Disappointed with RBI's strong signal of interest rate hikes, a large section of India Inc on Tuesday said the upward revision in key rates in the credit policy will dampen the investment environment.

During 2010-11, Indian merchandise drew demand from western economies, Latin America and Africa. The trade deficit for 2010-11 stood at $104.82 billion.
Forex dealers said dollar weakness against major currencies, including the euro, after the US Federal Reserve held key rates steady kept the sentiment firm.
The Indian currency had depreciated by 3 paise to close at Rs 44.51/52 against the US dollar in the previous session.
The Indian currency fell 12 paise to close at Rs 44.48/49 against the dollar in Monday's trade, following fresh demand for the American currency from importers.
Making a case for hiking oil prices, the Reserve Bank on Monday said delay in adjustments with global prices could pose a threat to government finances.
Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 54,174.40 crore, while they sold equities amounting to Rs 46,961.10 crore.
The Indian currency closed 21 paise higher at Rs 44.22/23 against the dollar in Friday's trade due to fresh selling of the greenback by banks and exporters.
The Indian currency has refused to buckle under the onslaught of rising global oil prices, thanks to a surge in exports.
The domestic currency had fell by 4 paise to close at Rs 44.36/37 per dollar in the previous session on Thursday, following late dollar demand from importers.