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RBI to hold rates, but June hike now close call: Poll

IBEF:  June 06, 2018

New Delhi: The Reserve Bank of India is expected to hold the hike in repo rate in its June meeting and prepare for a hike in August. This is as per a poll of 56 economists conducted by Reuters. An increasing number of these economists think there might be a rise while the majority has consensus about RBI holding the rates. Majority of the economists has forecasted a 25 basis points increase in repo rate in August 2018. The rise is expected earlier than before due to increased inflation and GDP growth rates.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.