RBI may hike interest rate further in December policy: Experts
The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark rate. Various economists emphasize the likelihood of cumulative rate increases over the next months. Rising commodity prices and global market volatility are influencing these monetary…
Experts predict that the Reserve Bank of India (RBI) will raise interest rates again by up to 50 basis points during its upcoming December policy meeting on December 4. The central bank recently increased its benchmark rate by 25 basis points to 5.50 percent, marking its first hike in nearly four years. This move follows rising inflation and a weakening currency.
Financial institutions like Bajaj Finance have already adjusted their fixed deposit rates accordingly. Economists anticipate a cumulative rate hike of 50-75 basis points over the next few months, contingent on the persistence of geopolitical tensions, high oil prices, and inflationary pressures.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
