New Delhi, Oct. 7 -- The Reserve Bank of India is likely to take the repo rate to 5.75 per cent and then maintain it at that level for an extended period, as elevated food and oil prices are expected to keep inflationary pressures high, said Rumki Majumdar, Director and Chief Economist at Deloitte India.

Majumdar said the RBI could consider another rate hike in the coming months, with the timing likely to depend on inflation prints for October and November. She said the central bank is likely to assess these numbers before deciding whether to move again in December or defer the move.

"Most likely 5.75 is what we are expecting unless situation really deteriorates, which we do not expect," Majumdar said, adding that the policy rate could ...