RBI to raise interest rates to 5.50% in October as inflation broadens, shows poll
The Reserve Bank of India (RBI) is expected to raise its repo rate by 25 basis points to 5.50% during its October 5-7 meeting, as inflation reached 4.82% in August, surpassing the 4% target for the third month. This marks the first rate increase since February 2023, reflecting growing inflationary pressures and currency defense needs.