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The minutes of the RBI's April 6 policy meeting suggest that the next move of the Central bank will likely be a hike in key policy rates. All members expressed concern about stickiness in core inflation and believed that the disinflationary effect of demonetization will be transient. The minutes of the MPC meeting was made public yesterday. Overall, the minutes suggest that there are growing divergences within the MPC with two out of six members biased towards rate hikes.