RBI set for fourth straight rate hike to quell inflation, say experts
Updated: 26 Sep 2022, 08:20 AM IST
TL;DR.The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Mumbai: Reserve Bank of India Governor Shaktikanta Das during a press conference in Mumbai, Friday, Aug. 5, 2022. (PTI Photo/Kunal Patil)(PTI08_05_2022_000107B)