More RBI rate hikes coming, SBI wants ‘jumbo’ 50 bps increase by December
The Reserve Bank of India is expected to announce another interest rate hike on December 4, likely increasing the repo rate to 5.75%. State Bank of India’s Group Chief Economic Adviser, Soumya Kanti Ghosh, advocates for a larger 50-basis-point hike, citing rising inflation and volatile global conditions. This could lead to a repo rate of 6% by December.