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Below is the view on RBI's off cycle meeting by Mr Karan Desai, Founder- Interface Ventures

"While the RBI left the repo rate untouched in the last MPC session, there is a likelihood of an incremental increase of about 25-35 bps as an outcome of the current meeting. Although the pace of inflation growth has slowed down, it still continues to stubbornly remain above the 6% level which may force RBI’s hand to increase rates, albeit in smaller tranches in both December 22 and February 2023. Views seem divided on just how much more rates can be pushed up to further cool inflation down before it starts hurting economic growth; for now the broad consensus seems to be that we will finish FY 23 in the 6.25 – 6.50% repo rate range".

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