Reserve Bank of India (RBI) Governor Shaktikanta Das made it amply clear on Monday that the monetary policy committee (MPC) during its meeting in early June will look at increasing the policy rate or the repo rate once again, after the 40 basis points off-cycle hike in May, to bring down headline inflation that has remained above the central bank's upper tolerance limit for four months.
"I have said that one of the reasons for the off-cycle meeting in May was that we did not want a much stronger action in June. The expectation of a rate hike is a no-brainer. There will be some increase in the repo rate but by how much, I will not be able to tell now", said Das during an interview with CNBC TV18.
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