Expected growth in Repo Rate in June

State Bank of India (SBI) has said that the Reserve Bank of India (RBI) is expected growth in Repo Rate by 50 basis points in June. SBI has prepared a research report in this regard. The report states that the repo rate will be increased in both June and August.

The Reserve Bank of India (RBI) had kept the rates unchanged during the meeting. The Reserve Bank is currently keeping an eye on inflation. Taking stock of the overall situation, the RBI may decide to increase the repo rate in the near future to control inflation, SBI said. Overall, the repo rate could rise by 50 basis points in June.