Strong possibility of another RBI rate hike in December: Crisil Chief Economist

Crisil’s chief economist, Dharmakirti Joshi, predicts a possible repo rate hike in December, citing inflation risks and robust domestic demand as red flags. He also pointed to the influence of the West Asian conflict and potential monsoon impacts on supply-side inflation. While the domestic economy shows resilience, uncertainties around food prices due to weather fluctuations could pose challenges.

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