Highlights

  • Experts are divided on if Governor Das will raise rates by 25 bps or 50 bps
  • Banks have already hiked loan rates twice after RBI's 'surprise' hike in May

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RBI Monetary Policy: Hike for sure but will Governor Das be swift or soft?

Central bank concludes June meet at 10 am today 

RBI Monetary Policy: The stage is set and the opening is known but the ending though not a cliff-hanger remains a bit of nail biter. The RBI is set to hike rates once again at 10 am today but the question is by how much?

It is a tough balancing act for the RBI as there is a lot goin on. Inflation is uncomfortably high, growth is recovering, new supply shortages are emerging, India’s twin deficits are widening, and the rupee has been volatile.

RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike

Economists are leaning for another 40 bps hike, a divergence from the traditional 25 or 50 bps moves done by the central bank. After mentioning inflation 34 times in the May 4 statement, Governor Das is expected to keep the focus squarely on high prices in this meet too.

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