The Monetary Policy Committee is expected to raise the repo rate by 50 basis points. However, the pace of monetary tightening will be largely guided by domestic economic indicators, as analysts flagged that significant risks to India's growth and inflation trajectory have emerged. Reserve Bank of India Governor Shakitkanta Das in the last policy said they will do ‘whatever it takes to cool inflation. Since the last meeting, price pressures have intensified again and India’s local currency has slumped to a nadir.
