The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers.<\/p>\n\n\n\n
According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth.<\/p>\n\n\n\n
The MPC will announce its bi-monthly policy on September 30. Repo rate, the rate at which banks borrow short-term funds, is now 5.40% after three hikes that began in May. The central bank has increased the benchmark gauge by 140 bps, or 1.4 percentage point, this fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"
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