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Policy▼ Bearish for Indian equities
SBI economists expect RBI to raise repo rate 25 bps to 5.50%
The brief
- The MPC meets October 5-7 to decide on interest rates
- Economists cite rising inflation and global concerns behind the expected hike
- A rate hike would lift borrowing costs for Indian banks, autos and other rate-sensitive sectors
- Banks, NPCI to ensure MDR not passed on: SBI
- Bank holidays: PIB Fact Check debunks fake notification on 5-day banking for SBI, PSU banks
- Paying bills with UPI? SBI UPI to be unavailable for 45 minutes on Oct 3
- PIB says viral notification declaring all Saturdays bank holidays is fake
- SBI MD Rama Mohan Rao Amara says bank passes on Apple Pay, backs UPI MDR to offset costs
Expectations of an RBI repo rate hike
A Business Standard poll and SBI economists expect the RBI to raise the repo rate by 25 basis points in October, to 5.50%. They cite inflation risks, including higher crude prices, and global concerns.
Friday, 2 October
- SBI economists expect RBI to raise repo rate 25 bps to 5.50%