New Delhi, August 18: The Reserve Bank of India may go for further hike in policy rates in its mid-quarter review next month as part of its efforts to tame inflationary pressures, consultancy firm Dun & Bradstreet said.
“In order to tackle the mounting inflationary pressures, we expect that the RBI would further tighten its monetary policy stance in the mid-quarter review of monetary policy scheduled in September,” Dun & Bradstreet(D&B)India Senior Economist Arun Singh said.
Containing inflationary pressure is at the fore-front of RBI’s policy agenda currently. The apex bank has in a span of three months hiked bank lending (repo) and borrowing (reverse repo) rate by 50 basis points and 75 basis points respectively.
Currently the repo rate is at 5.75 per cent and reverse repo stands at 4.50 per cent.
–Agencies