RBI MPC Meet News LIVE Updates: Will RBI go for 40bps rate hike? What to expect - The Economic Times

After May’s surprise 40 basis-point off-cycle hike, expectations have narrowed down to the size of increase to tame inflation that’s been running above the central bank’s 2%-6% target band since the beginning of this year. Wholesale prices have gained at the fastest pace in over three decades, adding pressure on businesses to pass on high costs to consumers.According to the median in a Bloomberg survey of 37 economists, the six-member Monetary Policy Committee will probably raise the benchmark interest rate by 40 basis points to 4.8%.

via Economictimes