Gold Silver Reports (GSR) – RBI Decision-Day Guide | Gold Silver Reports – The Reserve Bank of India is expected to hike interest rate as the central bank tries to rein in inflation and shore up Asia’s weakest major currency.
RBI will probably increase the repurchase rate by 25 basis points to a two-year high of 6.5 percent on Wednesday, according to 39 of the 52 economists in a Bloomberg survey, with the rest expecting no change.
Read these to get up to speed:
✅ In charts: Will the MPC raise rates for a second time?
✅ If the MPC waits for food prices to go up before deciding on policy, it may be left to play catch-up, writes JPMorgan’s Sajjid Chinoy.
✅ The arguments for a 25 basis point rate hike now still outweigh those for a pause, writes StanChart’s Anubhuti Sahay.
