India Likely to Start Rate Hike Cycle Amid Rising Inflation
Experts predict the Reserve Bank of India (RBI) will begin raising interest rates, possibly by 0.25% in October, as inflation broadens and global factors like crude prices and yields increase inflation risks. The RBI is expected to reverse its rate-cut cycle, with polls indicating a 25 basis points hike soon and further tightening of 50-75 bps by fiscal year 2027.
Reuters·
