Economy
RBI May Hike Repo Rate by 25 Basis Points Next Week
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THE BRIEF
1
The Reserve Bank of India may increase the repo rate by 25 basis points to 5.50% on October 7, marking the first rate hike since February 2023.
2
India's retail inflation rose to a 20-month high of 4.82% in August while GDP grew 7.8% in the first quarter of FY27, driven by rising prices and resilient economic growth.
3
Analysts advise investors with a 3-year horizon to add short-duration debt funds while maintaining equity exposure, as the market has already discounted potential oil price and monsoon risks.