{
  "id": 12578710,
  "title": "RBI has space for more rate hikes despite growth cheer",
  "url": "https://urgent.news/2026/10/07/rbi-has-space-for-more-rate-hikes-despite-growth-cheer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T07:09:59.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/rbi-has-space-for-more-rate-hikes-despite-growth-cheer/articleshow/134759019.cms"
  },
  "original_language": "en",
  "account": "On Wednesday, the Reserve Bank of India (RBI) raised its FY27 growth estimates by 40 basis points, citing strong private consumption and sustained investments. This revision underscores the resilience of the Indian economy despite significant headwinds, according to RBI Governor Sanjay Malhotra. The central bank now projects FY27 growth at 7.1%, with second quarter GDP growth at 7.2%, third quarter at 6.9%, and fourth quarter at 6.8%.\n\nWhile noting the potential for further interest rate hikes if inflation accelerates rapidly, economists believe policymakers have created space for additional hikes. The RBI has projected inflation at 5.2% for the fiscal year, 20 basis points higher than the figure from the August policy meeting. Persistent price pressures have left room for a total of 25-50 basis points of additional rate hikes going forward, according to experts.\n\nGovernor Malhotra highlighted that price pressures are evident across a range of commodities within the food component and that early signs of inflation becoming generalized are apparent in the increase of core inflation and higher inflation across the Consumer Price Index (CPI). The RBI projects the CPI at 4.9% for the second quarter, 6% for the third quarter, and 5.7% for the fourth quarter.",
  "summary": "Quickening inflation, stoked by oil prices and El Nino, could force policymakers to harden further",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "RBI MPC hikes repo rate by 25 bps to 5.25%: A look at last five hikes",
        "url": "https://urgent.news/2026/10/07/rbi-mpc-hikes-repo-rate-by-25-bps-to-5-25-a-look-at-last-five-hikes",
        "published": "2026-10-07T05:03:50.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "More RBI rate hikes loading? Decoding what Malhotra's 'caliberated tightening' stance means",
        "url": "https://urgent.news/2026/10/07/more-rbi-rate-hikes-loading-decoding-what-malhotras-caliberated",
        "published": "2026-10-07T06:11:07.000Z"
      },
      {
        "outlet": "YourStory",
        "title": "RBI hikes interest rate for the first time in nearly four years, signals more to come",
        "url": "https://urgent.news/2026/10/07/rbi-hikes-interest-rate-for-the-first-time-in-nearly-four-years",
        "published": "2026-10-07T07:08:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}