New Delhi, Oct. 6 -- RBI MPC interest rate decision in focus: The Reserve Bank of India (RBI) is most likely to raise the repo rate by 25 basis points on Wednesday, October 7, following the trend set by other major global central banks, including the US Federal Reserve, the Bank of Japan (BoJ) and the European Central Bank (ECB), which raised rates in September to combat the risk of increased inflation amid elevated oil prices.

RBI's first rate hike since February 2023 is coming at a time when risks of inflation and its impact on the overall economic growth have increased significantly.

India's retail inflation rose to a 20-month high of 4.82% in August, coming above the RBI's 4% target midpoint for the third consecutive month since Jan...