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Oriental Bank of Commerce (OBC) expects the RBI to hike the repo rate in its monetary policy review on Wednesday.
“Repo rate hike is imminent given the inflation situation,” S. L. Bansal, Chairman & Managing Director, OBC, said. Bansal said there was sufficient liquidity in the banking system.
However, if the RBI were to hike the cash reserve ratio on Wednesday, then banks may be compelled to look at a base rate hike, Bansal added.
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