Views on RBI’s Rate-setting Panel on August 3: Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com & Makaan.com

New Delhi, August 02, 2022: “In view of the current high inflation scenario, the RBI MPC in its August meet is likely to hike the repo rate. In our estimate, it is expected to be in the range of 20-25 basis points. While other banking regulators across the world, including the Fed, are raising rates aggressively, the situation in India does not warrant that kind of approach yet. However, as suggested by the RBI in its earlier announcements, the rates would continue to be hiked in a graded manner, in upcoming MPC meets.