RBI likely to raise repo rate by 25 basis points
pre-market1 source ↓written by the desknot a recommendation
- policy review
- 5 to 7 October
- crude increasing
- $80 to $102 per barrel
- in upcoming meetings
- 50-75 basis points
The Reserve Bank of India (RBI) is expected to raise the repo rate by 25 basis points during its policy review from 5 to 7 October. This decision is influenced by rising inflation and a surge in global crude oil prices, with Brent crude increasing from $80 to $102 per barrel. Economists predict a total hike of 50-75 basis points in upcoming meetings.
The anticipated rate hike may impact borrowing costs and market sentiment, particularly in sectors sensitive to interest rates.
Not investment advice. For informational purposes only.