Economic dataEconomic Times
SBI economists halve December RBI rate hike forecast
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GreyOak summary
SBI economists revised their forecast for the RBI's December rate hike from 0.50% to 0.25%, citing improved external conditions and revived foreign fund inflows. The report notes a 50:50 probability that this hike will be the final one in the current cycle, with the terminal repo rate potentially reaching 5.75%. While October inflation breached the 6% ceiling, easing rupee pressure and declining crude prices are expected to support the revised outlook.
What it affects
- State Bank of IndiaSBINNeutral 0
SBI economists revised RBI rate hike forecast.Rolling sentiment Positive +16
Source
Read the original at Economic TimesMore State Bank of India news
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