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RBI to raise rates once more on April 6, stay on pause mode thereafter: Poll
RBI to raise rates once more on April 6, stay on pause mode thereafter: Poll
The Reserve Bank of India (RBI) is expected to raise its main interest rate by 25 basis points on 6 April, and then pause for the rest of the year, according to economists. Inflation in India has been above the central bank's upper limit of 6% for two consecutive months, and that is expected to be the main cause of the next rate rise. Of the 62 economists polled, 49 predicted a rise in the repo rate to 6.75% at the meeting next week.
The Reserve Bank of India (RBI) is expected to raise its main interest rate by 25 basis points on 6 April, and then pause for the rest of the year, according to economists. Inflation in India has been above the central bank's upper limit of 6% for two consecutive months, and that is expected to be the main cause of the next rate rise. Of the 62 economists polled, 49 predicted a rise in the repo rate to 6.75% at the meeting next week.
The Reserve Bank of India (RBI) is expected to raise its main interest rate by 25 basis points on 6 April, and then pause for the rest of the year, according to economists. Inflation in India has been above the central bank's upper limit of 6% for two consecutive months, and that is expected to be the main cause of the next rate rise. Of the 62 economists polled, 49 predicted a rise in the repo rate to 6.75% at the meeting next week. 
