SBI economists halve December RBI rate hike forecast to 25 bps on easing rupee pressure, foreign inflows

State Bank of India has revised its estimate for the upcoming Reserve Bank of India rate hike. The new projection suggests a 0.25 percent increase instead of a previously expected 0.50 percent. This adjustment follows improvements in external conditions and a revival in foreign fund inflows. Analysts note that inflation is projected to remain above 6 percent in November before easing.