The Reserve Bank of India will raise its main interest rate by 25 basis points on April 6 and then pause for the rest of the year, according to a Reuters poll of economists who said the central bank would still maintain its tightening stance.
Inflation in Asia's third-largest economy remains above the central bank's upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again.
A strong majority of economists, 49 of 62, said the RBI would lift its repo rate by 25 basis points to a seven-year high of 6.75% at the conclusion of its April 3-6 meeting.
https://www.vccircle.com/rbito-raise-rates-once-more-on-april-6-but-leave-door-open-for-more-poll
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