There’s cause for a pause but market consensus is a 25 bps rate hike: Mythili Bhusnurmath
The first meeting of the Monetary Policy Committee in the new fiscal year is expected to be a tough call as inflation, growth and financial stability have to be balanced. The broad market view seems to be in favor of a 25 bps hike in interest rates as inflation is still very high in India. However, two of the three external members of the committee are in favour of a pause.
