Mumbai, Oct. 6 -- The Reserve Bank of India may keep the repo rate unchanged in its ongoing policy review and start raising rates from December, with a total increase of 75 basis points, Bank of Baroda Chief Economist Madan Sabnavis said. He said the RBI may wait for more clarity on inflation, the kharif harvest and the impact of surplus liquidity before raising rates.

Speaking to ANI, Sabnavis said his view was "fairly contrarian" as he expects the central bank to defer the rate action by one policy.

The RBI's Monetary Policy Committee is meeting from October 5 to 7, with the policy decision due on Wednesday, amid concerns over rising inflation and global uncertainty.

"The RBI may take a pause for one more policy and then bring about ...