RBI repo rate may rise to 6.5% amid inflation pressures
after close1 source ↓written by the desknot a recommendation
- in August
- 4.82%
- surpassing the RBI's
- 4% target
- Food inflation reached
- 5.95%
The Reserve Bank of India (RBI) may raise the repo rate to 6.5% from 5.25% due to escalating inflation pressures. Headline CPI inflation increased to 4.82% in August, surpassing the RBI's 4% target. Food inflation reached 5.95%, indicating broader inflationary trends that could impact monetary policy decisions.
Not investment advice. For informational purposes only.