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The expectations from the Reserve Bank of India (RBI) to raise the repo rate by 25 basis points have gained momentum amid rising crude oil prices, a weakening rupee and tighter global financial conditions, according to an EY report. The report pointed to recent movements in the Wholesale Price Index (WPI) and Consumer Price Index (CPI), saying inflationary pressures remain persistent. According to EY, the current price pressures are largely linked to cost-side and supply-related factors.