SBI Research Sees RBI Rate Hike Coming as Inflation and Rupee Risk Deepen
SBI Research expects the Reserve Bank of India to begin raising interest rates in October, citing persistent inflation, rupee weakness, and global monetary tightening spillovers.
Key points
- SBI Research forecasts the RBI will raise rates at its October MPC meeting to address inflation and rupee pressure
- Rupee weakness and imported inflation are compounding domestic price pressures facing India’s central bank
- Global monetary tightening by the Fed and ECB is forcing emerging market central banks to defend currencies
How do you see this playing out for markets? Discuss below.
Read the full analysis on market.news
🇮🇳 India Stocks Economy RBI India rate-hike inflation rupee MPC emerging-markets