ICICI Bank sees RBI hiking rates 25 bps in December

ICICI Bank expects the RBI to raise interest rates by 25 basis points each in December and February, as food inflation remains elevated. India's retail inflation hit 6.08% in October, breaching RBI's upper tolerance band. Food inflation rose to 8.9%, driven by pulses, cereals and edible oils. ICICI revised its FY27 CPI forecast to 5.2%.