SBI Research has proposed a 50 basis points off-cycle RBI rate hike and a wider interest rate corridor, while calling for measures to address currency market volatility and revise export proceeds timelines
New Delhi: The Reserve Bank of India (RBI) is likely to hold repo rate hike in its June monetary policy meeting and must use short-term rates and nudging to manage the pressure on the domestic currency, an SBI Research report said on Sunday. “Our call is along ‘hold the rates’ with a data-driven future dependency..
