RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll
The Economic Times has reported a new India-focused economy development: “RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll.” The publisher's feed describes the story as follows: On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%. The surge in inflation is attributed to elevated crude oil costs and subpar agricultural production.
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