New Delhi, Sept. 30 -- The Reserve Bank of India (RBI) may raise interest rates by a total 100 basis points through the first half of 2027, with Bank of America (BofA) Securities bringing forward its forecast for the first rate hike to October from December.

In its latest India Viewpoint report, BofA Securities said it expects the RBI to raise the repo rate by 25 basis points at its October 7 monetary policy meeting. It expects another 75 basis points of hikes thereafter, taking the projected terminal rate to 6.25 per cent.

The brokerage had earlier forecast a total 50-basis-point increase.

"Our bigger forecast shift is arguably the quantum of hikes, as we are raising our total quantum of hikes from 50bp earlier, to 100bp now," BofA sa...