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VERIFIEDET Policy·negative
SBI Research, IDFC First expect rate hike in October as crude prices climb: Higher oil prices & inflation raise likelihood of policy tightening
AI Summary
- ·SBI Research and IDFC First anticipate a potential rate hike in October.
- ·Rising crude oil prices and food inflation are key drivers for this expectation.
- ·The CEO of Axis Bank has highlighted increasing inflation risks.