RBI may hike rate by up to 50 bps as inflation edges up3 min read 13 Sep 2022, 11:44 PM IST
An aggressive 50-bps increase in the repo rate would take the policy rate to 5.9%, the highest in more than three years. It will also be the third consecutive rate hike of 50 bps in the current tightening cycle, beginning with a 40-bps surprise increase in May
MUMBAI : As retail inflation accelerated again to 7% in August, there is a growing chorus among economists for another 35-50-basis point (bps) repo rate hike in the September policy, a move some fear could stymie growth.
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