Will there be further rate hikes?
Even though rates have been hiked thrice, and RBI has hinted at withdrawal of accomodaation, it does not look like the end of cycle. The primary factor which is fueling these rate hikes is inflation. The retail inflation in India, which is measured by CPI, is still on the higher side as CPI for the month of June was 7.01%. (Text by Naveen Kumar/ET Online)