RBI makes fresh rate hike as inflation pressure persists


The Reserve Bank of India (RBI) today (August 1) implemented its second consecutive rate hike, warning inflationary pressure remains strong and “several risks persist”.

The 25 basis point hike pushes the policy rate up to 6.5%, and follows a move of the same magnitude at the previous meeting, on June 6. The August decision saw one policy committee member, Ravindra Dholakia, vote against the majority, though the policy statement did not offer a reason for his dissent.

Today’s hike was set

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: