RBI May Hike Repo Rate In October On Inflation, Oil Risks
Economists anticipate the Reserve Bank of India (RBI) may raise the repo rate by 25 basis points in October, potentially bringing forward its rate-hike cycle due to rising crude prices, inflation, and global bond yields.
Economists have brought forward expectations for rate increases as higher crude prices, rising inflation and global bond yields limit the RBI’s room to keep rates unchanged. The Reserve Bank of India (RBI) could raise the repo rate by 25 basis points (bps) in October, bringing forward the start of its rate-hike cycle.