RBI's Hawkish Turn: A Rate Hike on the Horizon? The Reserve Bank of India's (RBI) monetary policy committee is expected to raise interest rates in October, a move that has been anticipated by many economists.
The majority polled by TOI believe a 25 basis point hike is imminent, with some predicting a more significant increase as early as December.
This shift towards hawkishness comes amidst rising inflation and a liquidity situation that remains far from stabilizing. Despite the RBI's decision to keep the repo rate unchanged at 5.