Is there another rate hike in the offing? Though nobody would like to hear another hike, final discussions would take place on Thursday on the same.

It has been known that rising global inflation has put the Indian government in such a tight spot that it has left with no option but to escalate the level of interest rate.

While there have been reports that there is some sort of disagreement over rising interest rate between the government and the Reserve Bank of India, it's being largely believed that owing to global pressures, the RBI most probably would follow the same pattern of hiking interest rate by 25 basis points.

Even the same confidence has been indicated after a poll was conducted by DNA to ascertain what bankers, economists, insurers, fund managers and senior company officials fell about hiking interest rate.

It has been known that the government has been trying to strike a chord with the RBI to avert any rate hike as it could affect economic growth of India, though the RBI has not many options available except monetary tools to address the issues attached with rising inflation.

The same has been iterated by Samiran Chakraborty, chief economist with Standard Chartered Bank, who is of the opinion that the Indian growth story has got affected by inflation earlier and the chances are bright that it would happen again.

With monetary policy being the last resort to tame inflation, it would be worth knowing that what would happen when monitory policy would be announced on October 25.