The RBI is expected to keep rates steady for the rest of this year. The RBI is expected to keep rates steady for the rest of this year. While the median consensus of economists predicts a rate hike early next year, almost a third of respondents forecast the RBI will lift rates by the end of September. Several of them also expect another rate hike before end-2018. “The fact that evidence of underlying inflation is picking up... should tilt them towards one rate hike to calibrate policy,” Mizuho’s Varathan said.

Source: Mint March 30, 2018 03:56 UTC