High Inflation Will Force RBI To Hike Rates: DK Joshi
  • Elizabeth George
  • Oct 15 2013

October 15: DK Joshi, Chief Economist at CRISIL, says the WPI estimate was notched up to 6.2% from 5.3% due to sharp rupee depreciation, though he’s not too worried about food inflation as it’s expected to soften. To tame inflation, the central bank will have to keep interest rates elevated, he says, adding that the RBI may roll back the MSF rates further.