With inflation moving closer to the double-digit mark, bankers expect the Reserve Bank to increase its key policy rates by 25 basis points in the upcoming policy review on Friday.
As long as inflation does not decline to a significant level, the Reserve Bank of India would continue its tight monetary stance.
The general view is that RBI would go in for another rate hike as inflation is hovering around the double-digit mark, Indian Overseas Bank chairman and managing director M Narendra told PTI.
"I think there would be some rate hike this week and could be some more in October policy if inflationary expectations are not anchored," he said.
RBI, which is scheduled to review interest rate policy again on September 16, faces a dilemma of sorts as the Indian economy is confronted with high inflation and sliding growth.
The general view is that RBI would go in for another rate hike as inflation is hovering around the double-digit mark, Indian Overseas Bank chairman and managing director M Narendra told PTI.
"I think there would be some rate hike this week and could be some more in October policy if inflationary expectations are not anchored," he said.
RBI, which is scheduled to review interest rate policy again on September 16, faces a dilemma of sorts as the Indian economy is confronted with high inflation and sliding growth.
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Stock Market Tips
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