MUMBAI: Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.
Economists from SBI, UBS, Goldman Sachs, Barclays and Bank of Baroda in a rare unanimous call see the RBI-led monetary policy committee delivering a 50 bps hike on September 30, taking the overall repo rate increase 290 bps to 5.90 per cent since May this year.
