RBI's Rate Hikes: Inflation and Growth in the Mix Ahead

The Reserve Bank of India is set to pump up interest rates by 25 basis points in October and December, reaching a spicy 5.75%. Nomura predicts that by February 2027, the rate hike party might come to a halt as spending cools and inflation takes a breather. Food prices are a bit of a wild card, but GDP growth is flexing its muscles! Buckle up for the economic rollercoaster ahead!