To curb inflation in its tracks, the Reserve Bank of India is expected to hike interest rates by 25 bps. If the rate hike happens, though, it could spell out higher home loan EMIs and higher deposit rates for consumers.
While investors and analysts are keeping a watch on the mid-quarter policy review, Tushar Pradhan, CIO of HSBC AMC expects the central bank to go ahead with a 25 bps hike since it has been factored in the market.
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