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‘RBI to hike repo rate despite global cenbank rethink’
Updated On: 15 March, 2023 09:35 AM IST | Mumbai | Agencies
Globally, investors scrambled to pull down rate expectations on Monday and abandoned bets on the Federal Reserve pushing through bigger hikes, reckoning the biggest American bank failure since the 2008 crisis will make policymakers think twice.
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A wholesale grain market in Ghaziabad. File pic/AFP
RBI’s monetary policy committee is likely to deliver the expected rate hike of 25 basis points (bps) during its meeting on April 3-6, even as global markets lowered rate hike bets from the US next week following the banking crisis, economists said on Tuesday.
India’s headline and core inflation has been unrelenting, with data post market close on Monday showing annual retail inflation remained above the Reserve Bank of India’s (RBI) upper limit, easing only slightly from January’s 6.52pc.
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