The Reserve Bank of India is treading a fine line while trying to cope with growing market expectations of a 25 basis points hike in its credit policy which will be announced on Tuesday.
"We expect RBI to raise rates by 100 basis points by October 2011, with a 25 bps hike on Tuesday," Indranil Sengupta said. Also, the bank could tighten provisioning norms for bank loans to real estate and might accept some part of the Deepak Mohanty report, according to him. (Read what other bankers are expecting)
"We expect RBI to raise rates by 100 basis points by October 2011, with a 25 bps hike on Tuesday," Indranil Sengupta said. Also, the bank could tighten provisioning norms for bank loans to real estate and might accept some part of the Deepak Mohanty report, according to him. (Read what other bankers are expecting)
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