The Economic Times

When is your home loan EMI increasing? RBI rate hike calls pushed back after dovish pause

Economists now anticipate the Reserve Bank of India will raise rates in December or later. This shift occurs as core inflation remains low, contrary to earlier expectations. The central bank maintained its current rates and lowered inflation forecasts for this fiscal year. Overnight indexed swap rates also signal fewer rate hikes over the next twelve months. India's monetary policy stance differs from other Asian economies responding to oil price spikes.