RBI Expected to Raise Rates to 5.50 Percent
Economists in a Reuters poll expect the Reserve Bank of India to raise interest rates by 25 basis points in October as inflation accelerates. The move would mark the first rate increase since 2023 driven by higher energy and food costs.
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India's central bank will raise interest rates by 25 basis points to 5.50% in October, marking the first hike since 2023. The shift follows a Reuters poll of economists as broader inflation pressures emerge across the economy. Energy and food costs drove consumer prices up 4.82% in August, exceeding the medium-term target for the third consecutive month.
