Rate hikes in next monetary policy meets ‘a no-brainer’: RBI governor

In what may be an indication of another increase in policy rates, Reserve Bank of India governor Shaktikanta Das said that expectations of a rate hike in the forthcoming policy meetings were a “no brainer” and that the RBI would withdraw surplus liquidity over the next two to three years. The governor expressed confidence that the central government would stick to its fiscal deficit target, refuting rumours of a hike in government borrowing.