RBI may Raise Interest Rate by 25 to 35 Basis Points – Expert says! Know the Full Details Here! The Reserve Bank of India (RBI) might be increase the interest rate by 25 to 35 basis points to curb inflation, experts said. Meanwhile, RBI’s Monetary Policy Committee meeting will begin on August 3. And it may be announce bi-monthly review on the Friday.
Before that the RBI hiked the short term lending rate and the repo rate twice by 40 basis points in the month of May and 50 basis points in June. Accordingly, the present repo rate has been 4.9 percent. Now some experts say that, the Reserve Bank may raise the interest rates this week. Experts predict that RBI may raise the repo rate by 25 to 35 basis points as a measure to curb inflation. Moreover, the US Federal Reserve raised the base rate by 225 basis points this year.
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And after that the RBI has raised the repo rate by only 90 basis points, Bank of Baroda report said. However, keeping in view the present situation of India it is believed that RBI will not announce the hike. Meanwhile, when the RBI decides on its monetary policy, the Consumer price index-based retail inflation is above 6 percent from January 2022. Especially, it was 7.01 percent in the month of June to be noted.
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