Economy RBI Monetary Policy: The case for and against raising rates Updated : August 01, 2018 03:16 PM IST There are core arguments for a rate hike tomorrow. First, since the previous MPC meeting, the government has delivered on its promise of sharp increases in minimum support prices (MSPs) for crops. Second, since the last MPC meeting, the global context has continued to look murky. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.