"Including today's rate hike, the RBI has raised effective policy rate by 155 bps this year through a series of rate hikes and liquidity tightening measures �� i.e. from 3.35% reverse repo to revised 4.90% repo rate. We expect peak repo rate in the current tightening cycle at 6% given that CPI inflation is likely to average 5% to 5.5% in 12 to 18 months from now."
Neutral
Neutral
RBI