RBI to take hawkish stance by end-2018, hike rates early next year: Analysts


Bengaluru: The Reserve Bank of India will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, according to a Reuters poll of economists.

All 61 economists polled between March 23-28 expected the RBI to hold the repo rate at 6.00 percent and the reverse repo rate at 5.75 percent at its April 4-5 policy meeting.

The RBI is expected to keep rates steady for the rest of this year