MPC may raise rate by another 25 bps as inflation woes persist: BS Poll

All eyes on policy stance, pause signal

The Reserve Bank of India (RBI) is likely to increase repo rate for a seventh straight policy review as headline inflation continues to remain above the mandate, a majority of the respondents of a Business Standard Poll said.
 

Eight of the 10 respondents said the Monetary Policy Committee (MPC) was expected to lift the policy repo rate by 25 basis points (bps) to 6.75 per cent in the first bimonthly review for the financial year 2023-24.
 

Consumer price-index based inflation — the main yardstick of the central bank for policy-making purposes — was 6.44 per cent in February and 6.52