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India Rate-Hike Odds Rise as Pricey Crude Stokes Inflation Risk

Bloomberg Markets Thursday 23 July 2026, 02:45 UTC By Pratigya Vajpayee and Thomas Kutty Abraham 1 min read
Key Points

India Rate-Hike Odds Rise as Pricey Crude Stokes Inflation Risk The swap market is pricing in at least a 25-basis-point hike at the October meeting. This article is for subscribers only. I’m Pratigya Vajpayee in New Delhi, looking at a pre-market setup that is pulling in different directions.

India Rate-Hike Odds Rise as Pricey Crude Stokes Inflation Risk The swap market is pricing in at least a 25-basis-point hike at the October meeting. This article is for subscribers only. Good morning... I’m Pratigya Vajpayee in New Delhi, looking at a pre-market setup that is pulling in different directions. Wednesday was a tough session. The Nifty 50 fell for a third straight day as pharma and large banks came under pressure, while bets on an RBI rate hike in October continued to grow. The rupee, meanwhile, hovered near a record low as oil prices stayed elevated.
India Rate-Hike Odds Rise (ORG) I’m Pratigya Vajpayee (ORG) New Delhi (LOCATION) Nifty (LOCATION) RBI (ORG)
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