India's Central Bank Tipped to Stand Pat, WSJ Poll Shows
Dow Jones
Aug 04
1011 GMT - India's central bank is likely to keep its policy repo rate at 5.25% on Wednesday, according to 12 out of 13 economists polled by The Wall Street Journal. "Rising inflation has reduced the scope for policymakers to remain on the sidelines, while the renewed weakness in the rupee will be a factor too," said Shilan Shah of Capital Economics, who expects the Reserve Bank of India to raise its repo rate by 25 bps to 5.50%. However, HSBC economists believe that India is in a "sweet spot" given better growth, inflation and external finances data recently, and that RBI may prefer to see firmer inflation prints before making a move.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.