SBI Research said the balance of risks has shifted towards a 25-basis-point RBI rate hike, citing broader inflationary pressures, global risks, liquidity conditions and currency pressures. The RBI's MPC is scheduled to meet from October 5 to 7
SBI Research has recommended two 25-basis-point RBI rate hikes by December, citing elevated global oil and commodity prices and early signs of inflation generalisation. It warned consumer inflation could approach 6.5 per cent or higher if oil remains elevated.
