In order to control inflation, the central bank increased the repo rate by six times since the beginning of May 2022. On Wednesday, a signal was provided to the RBI governor that he would adopt more of a moderate stance in the future.

The repo rate was raised by 25 basis points

on the last day of the week. The repo rate has gone up by 6.25 percent up to 6.5 percent. To limit inflation the central bank has raised the repo rate six times since the beginning of May 2022. On Wednesday, a signal was provided to the RBI governor to take more of a moderate stance in the coming months. But, experts think that the RBI is currently in the process of increasing the repo rate and could also raise the rate by 0.25 percent during the next MPC scheduled for April.

Exercise to manage the rise in inflation

HDFC Bank’s Chief Economic Officer Abheek Baruah stated that repo rates are expected to increase by 0.25 percent in the MPC scheduled for April. He also said that RBI appears to be sticking to its policy of limiting inflation. Baruah stated, “Despite overall inflation moderating in the coming months, core inflation may persist.” RBI could increase the repo rate to limit this.

Following the RBI raised Repo interest rates last Wednesday.

Suman Chaudhary, Chief Analysis Officer at Acute Ratings. He believes there is no evidence to stop the growth of the rate for repo. But the Chief Economic Officer of India Rating Sunil Sinha. Expressed hope that RBI will not raise the interest rate at this time. However, Sinha also declared that RBI would not even think about cutting it in any way. The Group Chief Economic Officer of SBI Soumya Kanti Ghosh has said that it was essential to allow the RBI to be free of the sway of the Federal Reserve. 

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