RBI's Next Rate Hike Likely to Be 0.50%, Says SBI Economists

SBI economists have forecast that the Reserve Bank of India's next rate hike will be 0.50 percentage points, bringing the repo rate from its current 5.50% to 6%.

The assessment comes as global conditions are expected to become more volatile, according to the bank. SBI views moving the repo rate to the 6% level as the most prudent course of action under the prevailing economic environment.