RBI Repo Rate Hike Leads to Monetary Policy Face-Off

The Reserve Bank of India just cranked up the repo rate by 25 basis points to 5.50%! ICRA thinks we might see another hike in December, while Axis MF is ready to tighten the screws by up to 75 basis points. Both predict India's GDP will grow by 7.1%, but they disagree on how to tackle rising prices. It's a monetary policy face-off, folks!