scorecardresearchRBI likely to hike policy interest rates; raise inflation forecast today

RBI likely to hike policy interest rates; raise inflation forecast today

Updated: 08 Jun 2022, 07:36 AM IST
TL;DR.
The six-member Monetary Policy Committee (MPC) of the RBI is certain to hike the policy interest rates as inflation has remained above the central bank's tolerance limit for the past several months.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), takes his mask off as he arrives for a news conference at the bank's headquarters in Mumbai, India, on Friday, April 8, 2022. India�s central bank signaled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. Photographer: Dhiraj Singh/Bloomberg

Shaktikanta Das, governor of the Reserve Bank of India (RBI), takes his mask off as he arrives for a news conference at the bank's headquarters in Mumbai, India, on Friday, April 8, 2022. India�s central bank signaled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. Photographer: Dhiraj Singh/Bloomberg