# India hikes rates to tame stubbornly high inflation, analysts see more tightening

> The Reserve Bank of India raised its benchmark repo rate by 50 basis points, its fourth straight increase, to fight stubbornly high inflation. Analysts expect further tightening.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/39853-india-hikes-rates-to-tame-stubbornly-high-inflation-analysts-see-more-tightening
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher Indian interest rates tighten credit and can slow domestic demand and currency-supported import buying, a mild bearish factor for Indian feed and oilseed demand.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indias-cenbank-hikes-key-rate-by-50-bps-warns-broadening-price-pressures-2022-09-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.