BENGALURU: The Reserve Bank of India is expected to raise interest rates by 25 basis points to 5.50% in October, the first increase since 2023, with one more hike likely in December, a majority of economists polled by Reuters said, as inflation picks up.
Most major central banks have started raising rates or are considering doing so as energy prices spike because of war in the Middle East, with the US Federal Reserve set to hike at least one more time following a rate rise earlier this month.
