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With an eye on faltering rupee, RBI to raise rates next week: poll

Updated : September 26, 2018 10:57 AM IST

In an abrupt change from the last survey conducted two months ago, which predicted rates would stay on hold until this quarter next year, two-thirds of 61 economists polled September 19-25 said the RBI would lift the repo rate at least once by year-end.
The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August.
For many analysts, the retreating Indian rupee, which has tumbled nearly 15 percent since the start of the year and is the worst-performing major Asian currency, is likely of concern to policymakers.
With an eye on faltering rupee, RBI to raise rates next week: poll

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