RBI May Raise Rates Twice by December Over $100 Oil Shock
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AI-generated summary of the coverage listed below: SBI Research predicts that the Reserve Bank of India will raise interest rates by 25 basis points in October and again in December as crude oil prices climb above $100 a barrel, increasing inflationary pressure. The research notes that higher oil costs could push broader inflation higher, prompting the RBI to tighten policy to keep inflation within its target range. The potential hikes could affect borrowing costs for businesses and consumers across India.
Covered by 4 outlets across the spectrum: 0% left, 0% center, 100% right.
Who is covering this story
- Right-leaning (2): Sunday Guardian, Times Now
Sources
- Dow Jones Futures Prediction: What To Expect At Monday’s Wall Street Opening After Dow Closes At 52,573; 3.4% Inflation, Fed Rate Hike Bets, Oil Prices & Treasury Yields In Focus; Check Market Outlook — Sunday Guardian (right-leaning)
- UK Stock Market Forecast Today (September 14): FTSE 100 May Face Cautious Start As Oil Surges, Rate-Hike Fears Rise; Key Stocks To Watch — Sunday Guardian (right-leaning)
- US Stock Market Prediction: Dow, S&P 500 & Nasdaq Futures Rise Ahead Of Monday Wall Street Opening; 3.4% Inflation, Fed Rate Hike Bets, Oil Prices & Treasury Yields In Focus; Check Market Outlook — Sunday Guardian (right-leaning)
- $100 Oil Shock May Force RBI’s Hand: SBI Research Sees Two Rate Hikes By December — Times Now (right-leaning)