Time ripe for 20 bps reverse repo rate hike to help find buyers for G-secs supply: SBI

Citing the massive spike in credit growth during the first half and the steeper fall in deposits and the resultant rise in term money rates, coupled with the record high borrowings, an SBI report has called for a 20 bps increase in reverse repo rate outside the MPC ambit so that the central bank find buyers for the flooding new debt papers. https://ift.tt/HvJAfxU