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RBI seen raising rates again as rupee slide accelerates

Updated : October 05, 2018 11:51 AM IST

Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged.
Rising US interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit are also expected to make the central bank act.
A rate hike should make domestic yields on debt more attractive for foreign investors and contain inflationary pressures from high crude prices as India imports more than two-thirds of its oil needs.
RBI seen raising rates again as rupee slide accelerates

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