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Key indicator suggests RBI may go for another 35 bps rate hike before pause

The expectation of the RBI's rate hike cycle ending after December is further elucidated by a rare occurrence -- an inversion in the swap curve

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RBI Policy | Reserve Bank of India | RBI

Bhaskar Dutta  |  Mumbai 



Photo: Bloomberg
So far in 2022, the RBI has hiked the repo rate by a total of 190 bps to 5.90 per cent in order to tackle elevated inflation

Exactly a fortnight ahead of the Reserve Bank of India’s (RBI’s) next monetary policy review, a key market indicator of — the overnight indexed swap (OIS) — suggests that the central bank may tighten policy by 35 basis points and then refrain from further rate hikes.

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First Published: Tue, November 22 2022. 19:03 IST


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