Central Bank of India may raise rates for the third time in four months


Reuters conducted a survey in September, which was attended by 64 economists. The results of the survey showed that 35 respondents stated that they expected the rate increase by the Central Bank of India on Friday this week. In July, there were only 11 such economists. A. Prasanna, leading economist at ICICI Securities Primary Dealership, predicts that in order to reduce inflationary risks associated with rising oil prices and a weaker rupee, the regulator will raise the repo rate by 25 basis points to 6.75%. If such a scenario comes true, the rate will increase by 75 basis points from July.

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