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The Reserve Bank of India (RBI) is expected to raise the repo rate by 25 basis points to 5.5 percent on October 7, marking the first hike since February 2023. This decision comes after 21 consecutive meetings without a rate increase and is driven by elevated crude prices, tighter global financial conditions, and a weak
The Reserve Bank of India (RBI) is expected to raise interest rates this week for the first time since February 2023, driven by a shift in the global rate environment and rising inflation risks, signaling a move towards monetary tightening by the Monetary Policy Committee (MPC).
A Reuters poll of 61 economists expects the Reserve Bank of India to raise its repo rate at its October 5-7 meeting. The poll also shows a slim majority expecting at least another increase by December.