✉news BusinessBanking first seen 8 h ago, last 1 h ago, peak #16
RBI seen raising rates to 5.50% in October
Original: RBI to raise interest rates to 5.50% in October as inflation broadens: Reuters poll
A Reuters poll of economists suggests the Reserve Bank of India will raise its key interest rate to 5.50% at its October meeting, as price pressures broaden across the Indian economy beyond food and fuel. The expected hike would extend the RBI's tightening cycle and add India to the list of major economies leaning against persistent inflation.
Why now: Markets and businesses are watching for another rate hike as Indian inflation spreads across sectors.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/227552