INSUBCONTINENT EXCLUSIVE:
On Thursday, official data showed retail inflation rising to a five-month high of 5% in June.Mumbai: 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
"Consumer price inflation points out to a hike in August," the French Brokerage said in a note, adding it expects the RBI to hike the repo
inflation going forward are tilted on the "upside"
The upside risks to the price rise come primarily fromthe hike in minimum support prices (MSP) for food grains procurement and also the hike
salary hikes for government employees, especially in the housing component, will lead torise in the critical inflation number
The RBI's rate setting panel had hiked the repo rate by 0.25 per cent at the June review
