RBI may hike rates by 50bps at this week's policy meet

An increase of 50 basis points (100bps = 1 percentage point) in interest rates by the monetary policy committee (MPC) of the RBI is seen as inevitable by economists in the wake of the 75bps hike by the US Fed. The subsequent pressure on the rupee has made it more likely that the domestic central bank would increase rates too this Friday.

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