RBI may hike rates as inflation risks grow

The Reserve Bank's Monetary Policy Committee is likely to raise the key repo rate by 25 basis points to 5.50% at its October 7 meeting, according to a survey of ten economists by Mint. Nine respondents expect the rate increase, with only one anticipating a pause in the hiking cycle.

The potential hike reflects growing concerns about inflation pressures in the economy. The decision comes as the RBI continues to balance price stability with growth considerations.