RBI rate hikes back on the table as inflation risks mount
The Reserve Bank of India (RBI) is poised to raise the key repo rate by 25 basis points to 5.50% on 7 October, as inflation risks mount. Inflation reached a 22-month high of 4.8% in August, exceeding the RBI's 4% target. Economists anticipate this hike due to rising global commodity prices and pressures from a deficient monsoon and a weakening rupee.