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A 25-basis-point repo rate hike by the Reserve Bank of India (RBI) could expand large banks net interest margins (NIMs) by up to 10 basis points and lift earnings per share (EPS) estimates by as much as 5 per cent, according to a report by IIFL Capital.
The rupee falls 22 paise to Rs 96.57 against the US dollar after the RBI raises the repo rate by 25 basis points to 5.50 per cent.
The Reserve Bank of India (RBI) could raise the repo rate by 75-100 basis points in the current tightening cycle, with inflation expected to remain elevated before easing from the next financial year, according to an SBI Capital Markets report.