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May 04, 2022 / 10:48 PM IST

RBI Governor Highlights: After RBI’s surprise move, all eyes on US Fed meeting outcome amid expectation of a 50 bps rate hike: Religare Broking's Ajit Mishra

RBI Governor LIVE News Highlights: The RBI’s repo rate has been kept unchanged at 4 percent since May 2020


RBI Governor Highlights: There are murmurs that Reserve Bank of India (RBI) Governor Shaktikanta Das is likely to announce change in key rates today (May 4) at 2 pm.

The RBI’s repo rate has been kept unchanged at 4 percent since May 2020. That’s the rate at which the central bank lends short-term funds to banks.

Retail inflation in India jumped to a 17-month high of 6.95 percent in March from 6.07 percent in February, driven by high food prices. If inflation concerns

persist and there are no shocks to growth, interest rates will likely be hiked later this year, analysts said.

Most economists expect the RBI’s monetary policy committee (MPC) to change its stance to ‘neutral’ in June and follow up with an increase in the key policy rate, which could be the first in a series of hikes this year.
  • RBI Governor Highlights: After RBI’s surprise move, all eyes on US Fed meeting outcome amid expectation of a 50 bps rate hike: Religare Broking's Ajit Mishra
    RBI Governor Shaktikanta Das (File image: Reuters)
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