RBI may hike rates in August due to crude and rupee

RBI may hike rates in August due to crude and rupee Rising crude prices and a weakening rupee could prompt the RBI to raise interest rates in August, according to a Union Bank economist. Crude surged to $85/barrel and the rupee fell to 83.2 per USD, increasing inflationary pressures. A rate hike could impact borrowing costs and market sentiment.

📊 STOCKS: | 🏢 SECTOR: Macro | #HIGHIMPACT #RBI