 "A sign is displayed in the reception of Goldman Sachs in Sydney (Photo: Reuters)")
Goldman Sachs says the Reserve Bank of India (RBI) may hike rates three times by the end of 2018, as the Rs 2.11 lakh crore bank recpitalisation exercise would spike up short-term rates and core inflation.
One thing is clear now that most analysts no longer expect any rate cut by the central bank after inflation inched up nearly 200 basis points, or two percentage points, between June reading (1.46 per cent) and that of August (3.36 per cent). The monetary policy committee (MPC) resolution, and the subsequent minutes also clearly portray how five of the committee members, including governor
