SBI Research, IDFC First predict rate hike in October
after close1 source ↓written by the desknot a recommendation
- rate hike
- 25-basis-point
- $108 per barrel
- to assess
- 5 to 7 October
Economists at SBI Research and IDFC First Bank anticipate a 25-basis-point rate hike in October due to rising crude oil prices, now at $108 per barrel, and inflationary pressures. The Reserve Bank of India's Monetary Policy Committee will convene from 5 to 7 October to assess the current repo rate of 5.25%. This shift may impact borrowing costs and market liquidity.
Not investment advice. For informational purposes only.