Even after 11 consecutive hikes in the key policy rates of the Reserve Bank of India there is still scope for some more events of rate hike to occur. The Deputy Governor of RBI, Mr. K.C. Chakrabarty has said that the umbrella banking body in the country will continue with its anti-inflationary stance despite of the signs of slowdown in economic growth rate of the country.
The economists at Nomura Securities said "From a policy perspective, we expect the RBI to remain focused on bringing down inflation, ignoring signs of slowdown in growth, as both headline and core inflation are expected to remain elevated for the next few months. Therefore, we expect RBI to implement a final 25-basis-point repo rate hike in this cycle on September 16 and then stay on hold."
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