India: RBI seen hiking if CPI tops 6% – Commerzbank

Commerzbank Research expects India’s October CPI inflation to rise above 6% year‑on‑year, driven by high Oil prices, strong domestic demand and an unfavourable base. The report notes RBI’s projections keep inflation near the top of its target band through mid‑2027, implying further rate hikes. OIS pricing suggests cumulative tightening of nearly 90bp by February 2027.