India's MPC Expected to Start Rate Hike Cycle With at Least 25 Bps Repo Hike: SBI Economists
India's monetary policy committee is anticipated to initiate a rate hike cycle by increasing the policy repo rate by a minimum of 25 basis points during its upcoming meeting from October 5 to 7. Economists at State Bank of India also highlighted the need for immediate protective measures for the exchange rate to curb speculation.
The RBI’s monetary policy committee is set to begin the rate-hike cycle by pre-emptively raising the policy repo rate by at least 25 basis points at its upcoming meeting from October 5 to 7, according to State Bank economists. They said the exchange rate needs immediate protective guardrails to curb speculation.