Mumbai, Jan. 30 -- According to a Reuters poll of economists, the Reserve Bank of India (RBI) is likely to hike its interest rate by a modest 25 basis points (bps) to 6.50 per cent next month.
A meeting will be held after the presentation of Union Budget 2023 on February 1.
More than three-quarters of economists, 40 of 52, expected the RBI to raise its key repo rate by 25 bps to 6.50 per cent, according to a January 13-27 Reuters poll. The remaining 12 predict no change at the February 8 meeting.
The median forecast was for rates to remain at 6.50 per cent until the end of 2023.
Chief economist at Kotak Mahindra Bank, Upasna Bhardwaj said that the central bank needs to pause at some point to gauge the impact of the previous monet...