RBI Preview: Forecasts from five major banks, hiking 25 bps, will be the final? India InterestRate USDINR Macroeconomics Banks
by the economists and researchers of five major banks for the upcoming central bank's meeting.
Reserve Bank of India is expected to hike rates by 25 basis points to 6.75%. At the last policy meeting on February 8, the central bank hiked rates by 25 bps to 6.50%.“We expect the RBI to hike rates a further 25 bps at its April meeting, taking the repo rate to 6.75% as inflation remains above the top of the upper target band and core rates of inflation also remain elevated. We do, however, think that this might be the last hike in this cycle as we expect inflation to drop sharply in March.
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