Crisil Economist Forecasts 25 bps RBI Rate Hike Tomorrow
DK Joshi, Chief Economist at Crisil, expects the Reserve Bank of India (RBI) to raise interest rates by 25 basis points tomorrow, with a possibility of another hike in December.
The Reserve Bank of India (RBI) is likely to raise interest rates by 25 basis points in its monetary policy decision tomorrow, with a strong likelihood of another hike in December, DK Joshi, chief economist at Crisil, told CNBC-TV18. Speaking on the macroeconomic outlook, Joshi said the RBI’s next move is likely to come tomorrow, and that another increase in December remains a strong possibility.