Rate Hike After ‘3 Years’? RBI’s ‘3-Day’ MPC Meet Begins — Repo Rate May Rise to ‘5.50%’
The RBI’s three-day MPC meeting began on October 5 under Governor Sanjay Malhotra, with 80% of economists expecting a 25-bps hike to 5.50% — the first increase since February 2023 — amid rising inflation and crude prices; the decision comes on October 7.
