RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts

The Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday. With retail inflation ruling above 6 per cent for six months, the RBI had raised the short-term borrowing rate (repo) twice -- by 40 basis points in May and 50 basis points in June. https://ift.tt/qs7xk6B