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

Updated : September 27, 2018 06:31 AM IST

Slightly over half the respondents said RBI Governor Urjit Patel and the Monetary Policy Committee would deliver a 25 basis point rise to 6.75 percent at the Oct. 5 policy meeting, with one economist calling for a 50 basis point rise.
The predicted rate hike would be the RBI's third this year, after it lifted borrowing costs in June and August.
With an eye on faltering rupee, RBI to raise rates next week

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