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Call grows among market participants for shift in RBI's stance to neutral

Drop in bond yields reflects hope of smaller hikes

Reserve Bank of India, RBI
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Reserve Bank of India.

Bhaskar Dutta Mumbai
Ahead of the Monetary Policy Committee’s (MPC’s) statement on Friday, while market participants are certain about a rate hike, there are also growing calls for a shift in the central bank’s stance.

Economists and market watchers are divided on whether the Reserve Bank of India (RBI) will announce a change in the stance of monetary policy. According to a BS poll, the MPC is expected to raise the repo rate by 35-50 bps from the current level of 4.9 per cent. This will take the policy rate past 5.15 per cent. It was 5.15 per cent before the RBI started

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