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RBI may hike in key policy rates: Nomura

The minutes of the MPC meeting was made public yesterday

Press Trust of India  |  New Delhi 

The minutes of the RBI's April 6 policy meeting suggest that the next move of the Central bank will likely be a hike in key policy rates, says a report. According to the Japanese financial services major Nomura, all members expressed concern about stickiness in core inflation and believed that the disinflationary effect of demonetisation will be transient. The minutes of the MPC meeting was made public yesterday. Overall, the minutes suggest that there are growing divergences within the MPC with two out of six members biased towards rate hikes. "We concur with the ...

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First Published: Fri, April 21 2017. 12:58 IST
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