RBI Likely To Hike Policy Rates By 50 Basis Points: What To Expect | Business News | ET Now

The Monetary Policy Committee of the RBI will close their meeting with the policy announcement from the RBI Governor expected tomorrow. Most economists expect the RBI to continue to hike rates on the back of global central banks hiking rates. The hike will see India's repo rate go to 5.9% as inflation saw a slight spike and continues to be above the RBI tolerance band of 6%. This also comes on the back of growth in Q1 coming lower than expected even though high frequency indicators continue to demonstrate robustness. The RBI Governor is also expected to speak about the Banking sector liquidity which has turned negative last week and on currency, especially. Hersh Sayta sums up what to expect.#RBI #reporate #reversereporate