Repo may rise by 25 bps in Oct, says SBI report

IANS

Published: September 28, 2018 09:43 AM IST

Mumbai: The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, an SBI Ecowrap report said on Thursday.

According to the report, the expected rate hike might not be the last one in the current fiscal.

In August, the RBI had hiked its key lending rate by 25 basis points to bring the repo to 6.50 per cent citing upside risks to inflation.

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Reserve Bank Of India

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