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