PolicyBusiness Standard
RBI may raise repo rate to 6% by February
Negative-93
GreyOak summary
Economists anticipate the Reserve Bank of India will increase the repo rate by 50 basis points in February, reaching 6%. This decision follows retail inflation breaching the central bank's 6% upper tolerance limit in October. Further hikes are possible if inflationary pressures continue.
What it affects
- RBI policy rate and stanceNegative -93
Repo rate expected to rise to 6%.Rolling sentiment Negative -52
- RBI regulationPositive +93
RBI may hike rates in Feb.Rolling sentiment Positive +29
- CPI inflationNegative -93
Inflation breached 6% upper band.Rolling sentiment Negative -61
