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Broker call▼ Bearish for Indian equities
RBI may hike rates by 75 bps here on, but India growth likely to hold up: ANZ Research’s Richard Yetsenga
The brief
- ANZ Research’s Richard Yetsenga said RBI may hike rates by 75 bps
- India’s investment-led growth is relatively insulated from interest-rate sensitivity, Yetsenga said
- Rate hikes would raise funding costs for Indian banks and weigh on rate-sensitive sectors
- BOJ’s policy pivot opens scope for faster rate hikes
- A lot has changed since the last RBI meeting, when the Governor seemed dovish
- Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
- HSBC's Pranjul Bhandari sees exports driving India's growth, expects two more RBI rate hikes
- Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 30, 2026
Forecasts for RBI rate hikes
Analysts and economists increasingly expect the RBI to end its rate-cut cycle and raise rates amid broadening inflation and strong growth. Forecasts range from 50 basis points of hikes by December to 100 basis points through H1 2027, while markets are pricing 125 basis points over a year.
Wednesday, 30 September
- RBI may hike rates by 75 bps here on, but India growth likely to hold up: ANZ Research’s Richard Yetsenga