Economists expect the Reserve Bank of India to consider another 50-basis-point repo rate hike in December amid rising inflation risks and rupee weakness. October MPC minutes indicated a hawkish policy shift, while elevated bond yields and currency movements reflect market uncertainty
The RBI’s 25-basis-point repo rate hike to 5.50 per cent is expected to raise borrowing costs for floating-rate home loan borrowers. Banks may increase lending rates, lifting EMIs or extending tenures, as the central bank shifts to calibrated tightening
Mumbai: The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the US dollar in opening trade on Tuesday. At the interbank foreign exchange, the rupee opened at 78.02 against the dollar, registering a rise of 2 paise over its previous close. In initial deals, the domestic unit […]
