The Reserve Bank of India (RBI) in its bi-monthly policy is likely to increase the repo rate by 25 basis points in the upcoming monetary policy review as inflation is expected to accelerate further due to higher crude prices and the weakness in rupee.

One basis point is a hundredth of a percentage point.

CNBC-TV18 spoke to market participants, economists and 80 percent of them believe RBI will hike rates tomorrow. Also, 70 percent of the participants believe that there will be no new measures to ease liquidity.

First Published:Oct 4, 2018 10:57 PM IST