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RBI monetary policy preview: Expect a rate hike despite bond turmoil

'If the bond market turmoil affects the macroeconomic stability, it would affect rupee even further'

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Anup Roy Mumbai
Even as the bond market is going through some turmoil, the Reserve Bank would still continue with its rate-hiking cycle, say economists. 

At least a 25 basis points hike can be expected on the October 5 policy, economists said. There could also be a change in stance this time. The consumer price index-based inflation for August was at 3.69 per cent, lower than the RBI’s target of 4 per cent. On Wednesday, the rupee closed at 72.62 a dollar and the 10-year bond yields crossed 8 per cent-mark. 

“The larger unattended question is on using monetary policy as a pincer

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