More rate hikes coming: RBI Governor Shaktikanta Das

The Reserve Bank of India (RBI) will raise policy rates further in the coming months, governor Shaktikanta Das said on Monday, simultaneously asserting the central bank would not allow a runaway depreciation of the rupee.

In an interview to CNBC TV18, Das said, “Expectations of higher rates are a no-brainer” and added a fresh inflation forecast would be put out at the June meeting of the Monetary Policy Committee (MPC). “There will be some hike, to say it would go to 5.15% may not be accurate,” the governor said...