RBI likely to raise repo rate by 25 basis points to 5.50% in October policy

The Reserve Bank of India's Monetary Policy Committee will announce its decision on October 7, with analysts widely expecting a 25 basis points increase in the repo rate to 5.50%. The anticipated hike aims to address persistent inflation driven by elevated crude oil prices and weak agricultural production. Economists view the rate increase as a necessary step to control inflationary pressures in the economy.