RBI Surprises With Repo Rate Hike
  • Elizabeth George
  • Sep 20 2013

September 20: Referring to RBI’s decision to hike repo rates by 25 bps and cut MSF by 50 bps, ZyFin Research’s Dr. Surjit Bhalla says he didn’t see it coming. “RBI is trying to do a balancing act, where by decreasing MSF and increasing the repo rate, it hopes to make repo rate the operational rate,” he says. Advent Advisors’ K.R. Bharat and First Rand Bank’s K. Harihar agree and say that a rate hike was not expected on a standalone basis.