Traders ramp up India rate hike bets
Traders are increasing bets on an October rate hike by the Reserve Bank of India as surging oil prices and broadening inflation strengthen the case for tighter policy. Analysts note that rising core inflation and an expected Federal Reserve move add further pressure to act.
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Traders in India are pricing in a 25-basis-point rate hike for October, driven by surging oil prices and broadening domestic inflation pressures. The shift follows aggressive monetary tightening expectations across global central banks, including the United States Federal Reserve. Financial institutions have pulled forward their rate projections as energy costs mount.
