The Reserve Bank of India has time and again surprised the street on various counts. And this time too, on September 16, none know what may be in store. More so, with dismal set of numbers from the industry in the month of July and inflation a constant battle to fight, the course the RBI would take is unknown.
Sanjay Mathur, head of research and strategy, Non-Japan Asia, RBS tells CNBC-TV18 that the central bank is likely to announce a rate hike of 25 basis points in its September 16 meet.