RBI Preview: Forecasts from four major banks, strong rate hike India USDINR Macroeconomics Banks InterestRate
by the economists and researchers of four major banks regarding the upcoming central bank's decision. “We expect the RBI to hike the repo rate by 50 bps to 4.90%, making another step to restoring the policy rate to its pre-pandemic 5.15%. There are risks that with the recent excise duty cut on fuel, the monetary policy committee may choose to hike by less than 50 bps, for example, by 40 bps.
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