Will RBI go for 50-bps rate hike this week?

This hike is par for the course - not to fight inflation alone but also to stem currency depreciation

Weeks after the first rate hike in this cycle, in an interview to a TV channel in May, Reserve Bank of India (RBI) Governor Shaktikanta Das had said expectations of a rate hike were a no-brainer, hinting that there would be more over time.

If Das gives another interview now, ahead of the meeting of the central bank’s rate-setting body, the Monetary Policy Committee (MPC), he would say the same thing.

Since May, the RBI has raised its policy rate — called the repo rate, or the rate at which commercial banks raise money from the central bank — thrice,