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Three-day RBI monetary policy meet starts today; may hike repo rate

The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Like several other central banks, the main focus of the RBI during the three-day-long meet will again remain on containing high inflation.

RBI likely to hike repo rate by 50 bps in its next policy meet: Morgan Stanley

Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global investment and financial services firm Morgan Stanley said.