RBI will announce second quarter review of its monetary policy on November 2.
The last policy on September 16 was its maiden mid-quarter review when it increased key policy rates for the fourth time in 2010-11 (April-March).
At its September 16 review, RBI increased repo rate?rate at which it lends to banks?by 25 basis points from 5.75% to 6%, and reverse repo?rate at which it absorbs funds from banks?by 50 basis points from 4.50% to 5%.
The RBI left the cash reserve ratio unchanged at 6%. At its first-quarter policy in July 27, RBI raised repo rate by 25 bps, and reverse repo rate by 50 bps. Key policy rates have been raised four times this fiscal? repo rates by 100 bps and reverse repo rates by 150 bps.
Economists expect RBI to hike rates again at the November review.
In a research report, Credit Suisse on Thursday said it expects RBI to hike rates by 50 basis points between now and March 2011 due to high inflation. Goldman Sachs, in a report on Friday, said it expects RBI to hike rates by 75-100 basis points by Quarter ending June.