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Crisil Chief Economist Predicts Strong Chance of RBI Rate Hike in December
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News18•07-10-2026, 16:00
Crisil Chief Economist Predicts Strong Chance of RBI Rate Hike in December
- •Crisil Chief Economist Dharmakirti Joshi stated there is a strong possibility of another repo rate hike by the Reserve Bank of India in December due to elevated inflation risks.
- •The comments follow the RBI Monetary Policy Committee decision to raise the repo rate by 25 basis points to 5.50 per cent.
- •Supply-side inflation pressures have intensified due to the West Asian conflict, monsoon-related risks, and higher input costs.
- •Despite potential slowing in the second half, Crisil expects India GDP to grow around 7 per cent in the current fiscal year, supported by strong domestic demand and buffers in the rural economy.
Key Questions Answered
The RBI Monetary Policy Committee raised the policy repo rate by 25 basis points to 5.50 per cent amid rising inflation risks and resilient domestic growth.
According to Crisil Chief Economist Dharmakirti Joshi, elevated inflation risks, intensified West Asian conflict, monsoon-related supply pressures, and strong domestic demand driving up input costs create a strong possibility of another rate hike in December.
Crisil expects India's GDP to grow around 7 per cent in the current fiscal year, which is close to the RBI's revised projection of 7.1 per cent.
