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“We expect the central bank to hike the policy repo rate 25-30 bps in the August policy review and another one in October, but the quantum of that increase will depend on the data-prints on the domestic inflation and the shape of the U.S. economy, which is more likely to enter a recession,” Tanvee Jain-Gupta, the chief India economist at the Swiss brokerage UBS Securities, told PTI.
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