daily lianhuanduobao official website
2 points shishi lottery join in,3d fishing slot machine,95 game slot machine,ag wynn,app slot machine baosha,australia 888,Baccarat Cash Account Opening New Baccarat,baccarat is a good platform,Baccarat Road Single Net,baibowang,bb candy party rules,best five below finds,betting centre,betting web platform bets,big winner sports instant scoring,boebai credit,boya real people fight the landlord,can I play the football lottery quiz,candy party mobile trial play,cash down points niuniu,casino days app,casino slot machine english,cesar palace casino,china football lottery website,comeon betting review,cricket hill lafayette ca,crown electronic gaming city slot machine,dafa betting official website,dafa888 gaming platform 188,daobo888,do crickets chirp,e casanova,electronic game software,entertainment slot machine game bar,europe soccer odds,feida international entertainment login,football a 7,football lottery asian handicap main market,football lottery market big market,football lottery quiz 500,football lottery side bet u,Football recommendation site,from china to macau to gamble,full screen fruit slot machine,galaxy cash website,galaxy entertainment online web,galaxy palm hall account opening demonstartion,gambling navigation website,genesis casino sign up,gold coast entertainment platform,golden sand lianhuanduobao technique,grand lisboa online entertainment official website address,haojiang baccarat game,hengda football lottery odds,hongfu slot machine pt,how to crack pt slots,how to study football lottery market,hundred people niuniu win cash,ipl highest score batsman,jackpot dining,jinbaili online sports,jiuwan online entertainment ,kenbo poker,Latest gaming information,leovegas uk jobs,lianhuanduobao free trial play,lianzhong international online casino,lisboa duxia books,liufu entertainment platform,live dealer cash on,live zhajinhua scenes,lottery khela ka result,lovebet 3/4 system,lovebet ghana app download,lovebet sign up,lovebetmovies,m.cricket live line.com,macau crown entertainment sign up,macau gambling game,macau jiaduobao account opening,macau new golden sand platform,macau slot winning,macau wynn high website sign up,mark six lottery prize draw history record,micro trading platform give away bonus,mobile playing slot machine earning,nanchong baccarat gambling,new mg electronic games,niuniu manager app,old galaxy entertainment website,online cash official,online football lottery purchasing web,online golden sand international,online poker vs computer,online sports lottery basketball,parimatch live stream,playing panda second generation slot machine,poker online qq ceme,pt dajinggang slot machine,qile lottery big winner,quiz of sports and football lottery,real money live dealer reload,real people jinhua fight the land lord,reel slots qr code,roulette odds chart,rummy 52,rummyculture online cash game download,sh lovebet,shishibo international entertainment,sign up give away experience gold website,slot machine electronic games,slot machine news,slot machine zhuanyun law,soccer give away bonus,soccer lottery odds comparison website,soccer sports lottery all draw results,sports lottery 258 website,sports zone adoor,stud single game,teen patti free game,the best credit gambling,the venetian betting account opening,three cards win real money software,tonglecheng entertainment url,UEFA Champions League football player training,virtual cricket lab scientific method,website gambling,What is a good betting site,where to find the electronic gaming platform,William Hill standard odds all,wynn card game entertainment,xinfujing casino,yabo entertainment slot machine,yinglebo,youle international 2 platform,zhongyuan international casino
,RBI likely to hike policy rates tomorrow to check inflation
daily lianhuanduobao official website
RBI likely to hike policy rates tomorrow to check inflation
Follow us on
RBI may hike policy rates in order to check inflation
The hike may be between 25 to 35 basis points
If happens, this will be third hike in the current fiscal year
RBI rate hike: Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 25 to 35 basis points in order to check inflationary pressure, experts said. The hike in policy is very much certain, however, industry views on the extent of a rate hike are different.
The central bank has already announced to gradually withdraw its accommodative monetary policy stance.
The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- already started their meeting from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
With retail inflation ruling above 6 per cent for six months continuously, the RBI had raised the short-term borrowing rate (repo) twice so far this fiscal -- by 40 basis points in May and 50 basis points in June.
The existing repo rate of 4.9 per cent is still below the pre-Covid level of 5.15 per cent. The central bank sharply reduced the benchmark rate in 2020 to tide over the crisis created by the pandemic.
Experts are of the view that the RBI would raise the benchmark rate to at least the pre-pandemic level this week and even further in later months.
"We now expect the RBI MPC to raise the policy repo rate by 35 bps on August 5 and change the stance to calibrated tightening," BofA Global Research report said.
The possibility of an aggressive 50 bps and a measured 25 bps hike cannot be ruled out either, it added.
A research report by Bank of Baroda said that while the US Federal Reserve raised the rate by 225 bps in CY22, the RBI has hiked the repo rate by 90 bps.
An aggressive rate hike by the Fed is feeding expectations that the RBI may also front load its rate hikes.
However, conditions in India do not warrant an aggressive stance by the RBI, it added.
"...in the absence of any fresh shocks, India's inflation trajectory is likely to evolve in line with the RBI's projections. Hence, we expect that the RBI may hike rates by only 25 bps in Aug'22, followed by another 25 bps rate hikes in the next two meetings," it said.
The government has tasked the RBI to ensure consumer price index-based inflation remains at 4 per cent with a margin of two per cent on either side.
Dhruv Agarwala, Group CEO of Housing.com, said while other banking regulators across the world, including the Fed, are raising rates aggressively, the situation in India does not warrant that kind of approach yet.
"In our estimate, it is expected to be in the range of 20-25 basis points," he said.
In a report, Radhika Rao, Executive Director and Senior Economist at DBS Group Research, said the RBI monetary policy committee is expected to stay focused on price stability over the next two quarters.
Factoring in peak inflation in the July-September quarter, "we now expect a 35 bps hike in August, followed by three 25 bps for the terminal rate to level off at 6 per cent by end-FY23", she opined.
The retail inflation based on Consumer Price Index (CPI), which RBI factors in while arriving at its monetary policy, is above 6 per cent since January 2022.
It was 7.01 per cent in June.
(With inputs from PTI)
ALSO READ | Nobody is in denial about price rise, Indian economy definitely much better, Sitharaman in Rajya Sabha
ALSO READ | Rupee falls 17 paise to close at 79.32 against US dollar