RBI should keep all rate hike options open to support rupee, says SBI economist
CNBC-TV18 40 min ago·9 Oct 2026, 5:49 am
State Bank of India’s chief economist Soumya Kanti Ghosh said the Reserve Bank of India should keep every rate‑hike tool available to shore up the rupee, which is under pressure from a widening current‑account deficit, higher oil prices and a strong dollar.
A weaker rupee raises the cost of imported raw material for Indian companies and can erode the value of overseas earnings, which in turn affects banks like SBI that have sizable foreign‑exchange exposure and loan portfolios linked to import‑dependent sectors.
Investors will be watching RBI’s next policy statement, inflation data and any fiscal‑policy moves, as well as global rate trends, for clues on whether a rate hike or other measures will be taken.
Excerpt from CNBC-TV18
Published On Oct 9, 2026 | 11:19 IST Last Updated On Oct 9, 2026 | 11:19 IST SBI economist Soumya Kanti Ghosh suggests the RBI should keep all rate hike options open, including increases exceeding 25 basis points, to defend the rupee against a strengthening US dollar and manage macroeconomic pressures. The Reserve…Read the original at CNBC-TV18
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Key takeaways
- Concerns State Bank of India (SBIN).
- Category: Forex.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for State Bank of India and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
