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RBI may pause now but future hikes likely: Goldman Sachs

Tushar Poddar, vice president and chief India economist, Goldman Sachs, told CNBC-TV18 that the RBI may take a decision to pause rate hike in its policy meet on Friday as it has done enough tightening already.

September 15, 2011 / 18:24 IST
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The Reserve Bank of India is likely to take a call on whether or not to hike interest rates in its meeting on Friday. Most experts feel that the central bank may tighten monetary policy further considering the August inflation numbers, which came stronger-than-expected.

However, Tushar Poddar, vice president and chief India economist, Goldman Sachs, told CNBC-TV18 that the RBI may take a decision to pause rate hike in its policy meet on Friday as it has done enough tightening already.

RBI has raised interest rates 11 times in the last 18 months. Growth has slowed while inflation has inched closer to double digit. What
TAGS: #August inflation numbers #FII View #Goldman Sachs #interest rate hike #QE3 #RBI #RBI credit policy #RBI repo rate #Rupee #Tushar Poddar
first published: Sep 15, 2011 11:40 am

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