RBI likely to raise key policy rate by at least 35 bps,Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said.The central bank has already announced to gradually withdraw its accommodative monetary policy stance.The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- will meet for three days from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
RBI likely to raise key policy rate by at least 35 bps
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said.The central bank has already announced to gradually withdraw its accommodative monetary policy stance.The Reserve Bank of India’s rate-setting panel — the Monetary Policy Committee — will meet for three days from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
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