As the May inflation accelerated much faster than expected at 9.06%, it has added further pressure on the Reserve Bank of India (RBI) to lift interest rates on Thursday although India stares at signs of possible economic slowdown.
Speaking exclusively to CNBC-TV18, S Raman, chairman and managing director of Canara Bank says that the central bank is most likely to go ahead with a 50 bps rate hike for the year, post Thursday's expected 25 bps. He says,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
