RBI's next rate hike will be of 0.50%: SBI Economists
The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50% on Wednesday, marking its first hike in nearly four years. Economists at State Bank of India predict a further increase of 0.50% to reach 6% amid anticipated global volatility. The next policy review is set for December, where additional measures to support the rupee may be discussed.