Will RBI catch up with rest of the world on Friday in terms of rate hike?

On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects the RBI to raise rates by 35-50 bps

On August 5, the Reserve Bank of India (RBI) is expected to announce another rate hike as it plays catch up with other central banks to contain inflation and protect against further rupee depreciation. While the US Federal Reserve raised rates by 75 basis points (bps) at its meeting in July, the European Central Bank (ECB) instituted its first rate hike in 11 years, as it increased the deposit rate by 50 bps.

On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects