RBI likely to moderate rate tightening amid retail inflation, say experts

According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates

At its upcoming monetary policy review on Wednesday, the Reserve Bank of India (RBI) may indicate a slower rate of tightening in light of retail inflation showing indications of moderating and the need to spur development, reported Livemint citing experts.
 

After three consecutive increases in interest rates of 50 basis points, according to experts, the RBI may decide to choose a smaller rate increase of 25–35 basis points for lending rates.
 

A three-day meeting of the six-member rate-setting panel, overseen by RBI Governor Shaktikanta Das, is expected to start on Monday. After the three-day meeting, the central bank will release