Bofa Securities on Wednesday said the Reserve Bank of India's (RBI) rate-setting panel will go for a 0.35% hike in the key repo rate at its Monetary Policy Committee (MPC) meeting next week.
The rate hike will be accompanied by a change in the policy stance to "calibrated tightening", the American brokerage has said in a report published ahead of the MPC resolution which is set to be announced on 5 August.
