Monetary policy review: Economists see repo rate climbing to around 6%

At its current level, the repo rate is at its highest since August 2019

The Reserve Bank of India (RBI) is likely to increase the repo rate by almost 60 basis points more, taking it close to 6 per cent, before holding off on further policy tightening in the current cycle, economists told Business Standard.

According to the median of the inputs provided by 10 institutions, the terminal repo rate — or the rate at which the central bank stops tightening policy further — is seen at 5.98 per cent. The institutions are State Bank of India, HDFC Bank, Barclays, Standard Chartered Bank, YES Bank, RBL Bank, ICICI Securities Primary Dealership, India Ratings and