RBI frontloads rate hike, more on the cards3 min read . Updated: 06 Aug 2018, 12:38 AM IST
There will be more rate hikes. How many and when are anybody's guess at this point in time
As expected by most economists and analysts, the Reserve Bank of India (RBI) on Wednesday raised the repo rate by a quarter percentage point to 6.5%, the second such hike in two months. The move makes money more expensive in the world’s fastest growing major economy, but the Indian central bank’s monetary stance remains unchanged—neutral.
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