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Will there be a rate hike in June?

That it's not far away is a reality, and the Indian central bank is not in denial mode. Despite the rate not being increased, formally, there couldn't have been a more hawkish policy last week

Topics
Reserve Bank of India | monetary policy | RBI monetary policy

Tamal Bandyopadhyay 

Tamal Bandyopadhyay

For the record, the Committee (MPC), the Indian central bank’s rate-setting body, at its meeting last week left the key policy rates — repo and reverse repo — unchanged, at 4 per cent and 3.35 per cent, respectively. For the 11th consecutive time since May 2020. The (RBI) absorbs liquidity from the banking system at reverse repo rate and infuses it at repo rate.

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First Published: Sun, April 10 2022. 21:23 IST
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