Oil price hike may force RBI to up rates in August: Analysts
Rise in oil prices may lead to inflationary trends in the country, forcing the Reserve Bank of India (RBI) to hike rates by 0.25 per cent in the August policy review, foreign brokerages said today. The apex bank, however, may opt for a status quo in rates at the forthcoming review in June, they said
RBI rate hike: The reports by Macquarie and Nomura come days after similar calls by its peers including HSBC, which expects two hikes, in August and October, respectively. Image source: Reuters