Experts’ poll: RBI may hike rates by 0.25% in October policy amid inflationary pressures
An experts poll suggests the Reserve Bank of India may raise its repo rate by 0.25 percentage points at the October meeting, driven by ongoing inflation pressures. The last increase was in February 2023, when the rate was lifted to 6.50%. Analysts expect the central bank to act to contain price growth, as rates have stayed unchanged since then.