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SBI Research trims December rate-hike forecast to 25 bps
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GreyOak summary
SBI Research revised its forecast for the December monetary policy, expecting a 25-basis-point repo rate hike instead of 50 bps. This change cites improving external conditions and easing rupee pressure, despite October retail inflation rising to 6.09%. The report predicts inflation will peak at 6.3% in November before moderating, with no further hikes advised in February.
What it affects
- State Bank of IndiaSBINNeutral 0
SBI Research is the source of the forecast.Rolling sentiment Positive +16
Source
Read the original at Financial ExpressMore State Bank of India news
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