India's retail inflation may rise to around 6.3 per cent in November, strengthening the case for another interest rate hike by the Reserve Bank of India (RBI), according to a Union Bank of India report. UBI expects a 25-basis-point repo rate increase to 5.75 per cent in December, while a larger 50-basis-point hike cannot be ruled out. Rising food prices, particularly cereals, pulses and sugar, remain key inflationary concerns.
