RBI repo rate may climb to 6% in FY27; G-Sec yields face upward pressure: Report

RBI repo rate likely to climb to 6% in FY27, G-Sec yields face upward pressure

“A broad CRR hike appears less preferred, given RBI’s earlier exemption of eligible FCNR(B) deposits from reserve requirements,” report read.

RBI Repo Rate May Climb to 6 Pc in FY27; G-Sec Yields Face Upward Pressure: Report

Get latest articles and stories on Business at LatestLY. It further noted that the government plans gross dated G-Sec borrowing of Rs 7.86 lakh crore in H2FY27, with the gap between budgeted and projected gross borrowing at around Rs 1.1 lakh crore. Business News | RBI Repo Rate May Climb to 6 Pc in FY27; G-Sec Yields Face Upward Pressure: Report.

RBI repo rate may climb to 6% in FY27; G-Sec yields face upward pressure: Report

RBI is expected to raise the repo rate by 25 basis points in October, with one or two more hikes possible in FY27, taking the benchmark rate to 5.75-6%, according to a Union Bank of India report.