RBI
S&P Sees 7% India Growth, But Expects RBI to Raise Rates by 25 Bps
In our latest Insights, Lumic brings you a detailed look at S&P Global's revised India GDP growth forecast of 7% for FY27. This upgrade signals robust economic activity, driven by strong domestic consumption, healthy exports, and significant government investments. While this positive outlook is encouraging for the Indian economy, the report also anticipates a potential 25 basis points repo rate hike by the Reserve Bank of India (RBI) during the current fiscal year. This move by the RBI monetary policy committee could influence India interest rates and the Indian bond market. Understanding these dynamics is crucial for navigating the evolving India economy in 2026 and beyond. We delve into how this outlook impacts Indian equities and the broader India growth outlook.
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RBI
Bank Credit Surges 20% as Industry and Services Borrowing Accelerates
- Bank credit to industry grew 20% in July, sharply up from 6.5% from the last year
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RBI
RBI Steps In Again as Oil and Fed Bets Put Rupee Under Pressure
- RBI stepped in again as the rupee weakened to 95.60 per dollar amid rising oil prices
- Brent crude climbed above $90, adding pressure as markets raised Fed hike expectations
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