RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll

The Reserve Bank of India's Monetary Policy Committee is expected to increase the key interest rate, also known as the repo rate, by 25 basis points to 5.50% in its upcoming policy meeting on October 7. This decision is largely driven by the ongoing surge in inflation, primarily caused by rising crude oil prices and poor agricultural production. A rate hike is seen as a necessary step to combat inflation, and many economists are advocating for this move.

Why it matters

The RBI is expected to increase the repo rate to control inflation. This could lead to higher borrowing costs and affect economic growth.

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