Economists expect 2 more rate hikes this fiscal amid sticky inflation outlook
Economists anticipate at least two additional interest rate increases by the Reserve Bank of India (RBI) this fiscal year, potentially raising the repo rate to 6 percent, following the recent 25 basis point hike on October 7.
The RBI’s 25 basis points bps rate hike on October 7 could mark the start of a fresh tightening cycle, with economists pencilling in at least two more increases this fiscal, which would take the repo rate to 6 percent. The Reserve Bank of India’s six-member monetary policy committee raised the repo…