RBI to go for another 0.25% rate hike in August: BNP Paribas
Brokerage BNP Paribas today said the Reserve Bank of India (RBI) will go for another 0.25 per cent hike in key policy rates at its August monetary policy review, a day after an official data showed retail inflation rising to a five-month high of 5 per cent in June.
Apart from MSP, it said salary hikes for government employees, especially in the housing component, will lead to rise in the critical inflation number. Image source: Reuters