Economists expect RBI rate hike in October policy

A Times of India poll of a dozen economists shows most expect the RBI to raise the repo rate by 25 basis points in October, the first hike since February 2023, amid accelerating inflation, ample liquidity and rate increases by the US and Japanese central banks. Economists project cumulative hikes of 50-75 bps this financial year, though some expect the MPC to hold and watch data.