RBI May Raise Repo Rate by 25 bps in October as Inflation and Oil Risks Mount: Sunil Sanghai
The Reserve Bank of India could deliver a 25 basis point repo rate increase in October and keep the door open to further tightening if inflation and crude oil pressures persist, according to market veteran Sunil Sanghai. The outlook is being shaped by a narrowing interest-rate gap with the United States and renewed pressure on the rupee, even as India’s foreign exchange reserves and manageable current account deficit provide important buffers.
