Over 40% companies surveyed expect RBI to hike key rates: CII
Over 40 per cent of Indian firms expect the Reserve Bank of India (RBI) will go in for another interest rate hike in the current fiscal, industry chamber CII said on Sunday, citing its survey.
About 42 per cent of the respondents felt that the RBI will engage in further interest rates hikes in 2018-19 as compared to the previous survey where a majority of the respondents anticipated a cut or no change in policy rates. Image Source: Reuters