RBI Repo Rate Hike Likely: Economists Expect 25 bps
Economists expect the RBI MPC to begin a rate hike cycle with 25 bps increase.
MUMBAI-Economists widely expect the RBI Monetary Policy Committee to begin a rate hike cycle, with a 25 basis point repo rate hike likely at its October 5–7 meeting, signalling a tightening monetary policy shift for India's economy and markets alike.
Some analysts forecast another repo rate hike in December, which would extend the tightening cycle. Borrowers may soon see higher home loan EMIs, while savers could benefit from better fixed deposit returns as interest rates move upward across all banks.
Markets, bond investors and the Sensex and Nifty will watch the RBI policy announcement closely this week. This monetary policy decision is today's top business news, shaping inflation outlook, loan costs and investor sentiment and overall economic growth in India.
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