{
  "id": 7504514,
  "title": "Indian Rupee: RBI seen starting mini hiking cycle - Societe Generale",
  "url": "https://urgent.news/2026/09/15/indian-rupee-rbi-seen-starting-mini-hiking-cycle-societe-generale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T08:03:07.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/indian-rupee-rbi-seen-starting-mini-hiking-cycle-societe-generale-202609150803"
  },
  "original_language": "en",
  "account": "Indian Rupee could see a mini hiking cycle from the Reserve Bank of India (RBI), according to Societe Generale’s Kunal Kundu. The economist anticipates a 25 basis point (bp) rate hike in October, followed by two additional hikes in December and February. Although this scenario is not the base case for Kundu, he also warns of a significant risk: the RBI could opt for a larger 50bp increase. The pickup in services inflation is a crucial factor for monetary policy, as headline inflation has been above the median target for three consecutive months, with underlying inflation starting to pick up. The room to overlook food-led price pressures is diminishing. Despite this being an alternate scenario, Kundu does not dismiss the possibility of a 50bp hike.",
  "summary": "Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) to respond to India’s broadening inflation pressures with a new mini rate-hike cycle. Kundu projects a 25bp hike in October, followed by two similar moves in December and February.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
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    ]
  },
  "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."
}