Governor Shaktikanta Das set to raise pension rate for third time amid inflation concerns

RBI Monetary Policy Live Updates:

The Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das is set to announce its decision on the repo rate hike amid lingering concerns regarding a global slowdown as central banks tighten excess liquidity to tame inflation amid growing geopolitical tensions, including the ongoing Russian-Ukrainian war and the escalating crisis in the Taiwan Strait involving China and the United States. Another major concern for India is the widening trade deficit, due to rising Brent crude oil prices and the depreciation of the rupee against the US dollar. A CNBC-TV18 poll of economists and market experts indicates that the RBI will increase the repo rate between 35 basis points (bps) and 50 bps.

First post: 05 August 2022, 08:36 STI