RBI likely to raise interest rates in August; to go for more hikes this fiscal: DBS


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Drag according to your convenience. The Reserve Bank of India is expected to go for further rate hikes this fiscal, with the next increase in key policy rates likely in the August policy review meet, says a DBS research note. According to the global financial services major, upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias. We expect 50 bps more hikes in FY19, with the next likely in August," the report said. According to government data, retail inflation rose to 5 per cent in June, a five-month high, despite easing food prices.

The government has mandated the Reserve Bank to keep inflation at 4 per cent, with a margin of 2 per cent on either side. The Monetary Policy Committee MPC will begin its three-day meeting on July 30 and announce its decision on the third bi-monthly policy of the current fiscal on August 1.

Read more on RBI Monetary policy meet. My Saved Articles Sign in Sign up. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. So there is no clear trend yet.

Policymakers had owed to link the interest rates to the 10 year treasury yield.. On many occasions, the policy decisions taken are so damn strange and contradictory to the doctrine, that a few wonder if Policymakers had owed to link the interest rates to the 10 year treasury yield.. On many occasions, the policy decisions taken are so damn strange and contradictory to the doctrine, that a few wonder if many people with completely different mindsets take turns while taking such decisions or is it just one notorious person with multiple personality disorder at the helm.

Load more comments 2 replies. While banks are increasing rates on deposits, as per economic times, market is expecting a rate cut in RBI review on April. Only a hardcore narcissist with little to no economic sense would want educated people to agree that inflation is low enough to warrant a rate cut. Especially with all time high petroleum product prices in the country. GDP calculation method changed to ensure that growth rate doesn't seem any where inferior to previous dispensation.

It is hard to believe that official inflation statistics under current dispensation will be declared as HIGH with all desperation to win election Anybody who says those numbers are plain gimmicks is a defector. Real patriots commend how skilfully a couple of ultra smart brains are managing a billion idiots. Chem cho Apr 2, Admin please correct listing day trading information. Issue price is Wrongly mentioned as Tomorrow new stop loss if price falls to Shaakaal ba ba b ba buying and selling stop loss for traders and not for those who are ha aha ah.

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