The Economic Times

Broadening inflation, Fed prompts traders to ramp up October India rate hike bets

Traders are increasingly anticipating an October interest rate hike from the Reserve Bank of India, influenced by rising oil prices and expanding inflation. This potential adjustment is further compounded by an expected hike from the Federal Reserve, prompting analysts at Citi and Deutsche Bank to revise their predictions. The shift highlights growing concerns regarding inflation and the dynamics of economic growth.