Nov inflation nears 6.3%, RBI may hike rates in Dec: Union Bank of India

Union Bank of India projects November CPI inflation at ~6.3% with an upward bias, strengthening the case for a 25 bps RBI repo rate hike in December to 5.75%. A larger 50 bps one-time hike isn't ruled out. Food inflation, driven by cereals, pulses, and sugar, remains the primary pressure point.