India

RBI Likely To Raise Policy Rates For High Inflation This Year, Says Anand Rathi Report

Bhubaneswar: In view of rising inflation, the RBI is likely to raise the policy rate by upto 100 basis points (bps) in near future.

While the retail inflation went up to 5.6% in December 2021, food inflation jumped to 4% and core inflation subsided slightly to 6%. But GDP and industrial growth rates have remained volatile.

“The RBI may raise the policy rate by upto 100 bps in 2022, which may have negative impacts, at least in the short-term, on both the equity and bond markets,” a news agency quoted Anand Rathi Share and Stock Brokers stating in a report.

Stating that Pakistan and Sri Lanka have raised policy rates, the report said nearly 40% of the 100 countries to watch have already raised policy rates by an average 150 bps.

The report of one of leading stock broking firms predicted that the depressed base of the last 12 months and expected hikes in MSP for agricultural produce may lead to food inflation. While the core inflation is expected to fall, inflation in next 12 months will clock 5%, it added.

AddThis Website Tools
OB Bureau
Share
Published by
OB Bureau

Recent Posts

1st ICC Meet In 3 Decades Kicks Off In Pakistan Amid Heavy Security; Hosts Disappoint In Opener

Karachi: It was a red-letter day for Pakistan as its dream of hosting a multi-team ICC… Read More

1 minute ago

Fact Check: Is Actor Ranveer Singh Launching His Production House?

Mumbai: Apart from acting in movies, Ranveer Singh has been involved in multiple ventures. Recently,… Read More

35 minutes ago

Flybrary: India’s First ‘Take A Book’ Library Set Up At Bhubaneswar Airport

Bhubaneswar: In a first of its kind initiative in India, a ‘Take a Book Library’… Read More

44 minutes ago

‘Mere Husband Ki Biwi’ Actor Arjun Kapoor Says Love Triangles ‘Not Healthy’

Mumbai: After impressive cine buffs with his negative character in ‘Singham Again’, Arjun Kapoor is… Read More

1 hour ago

After Days Of Suspense, BJP Chooses Rekha Gupta As Delhi CM; 4th Woman To Get Coveted Chair

New Delhi: The Bharatiya Janata Party (BJP) finally chose its chief minister for Delhi on… Read More

2 hours ago

Mass Family Suicide In Kolkata Home Puzzles Cops & Locals

Kolkata: In a bizarre case of what seems to be mass suicide, three members of… Read More

2 hours ago