RBI expected to raise repo rate amid inflation concerns
pre-market1 source ↓written by the desknot a recommendation
- raising
- 5.75%
- due to geopolitical
- $100 per barrel
The Reserve Bank of India is likely to increase the repo rate by 0.25% in October and potentially again in December, raising it to 5.75%. This move aims to combat rising inflation, exacerbated by crude oil prices exceeding $100 per barrel due to geopolitical tensions. Home and car loans may become more expensive as a result.
Not investment advice. For informational purposes only.