Goldman Sachs analysts expect the Reserve Bank of India to hike interest rates by 25 basis points in both October and December. This expectation is driven by anticipated elevated inflation, with CPI likely rising above the central bank's 4% medium-term target for the first time in 16 months.

Goldman Sachs Analysis’s track record: 3 graded calls · 95% CI 21–94%

Indian RupeeBearishCalled 13 Jul 2026Graded 12 Aug 2026
Verdict:MISS

Indian Rupee rose from ₹13.16 to ₹13.84, a 5.17% increase, contradicting the bearish expectation.

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