RBI Preview: Forecasts from five major banks, moving towards normalisation India USDINR Macroeconomics Banks
The Reserve Bank of India is expected to hold its repo rate steady but several economists are expecting an increase in the reverse repo rate.“Though they are not expected to raise the policy repo rate , there is an outside chance that they do. The latest Union Budget released was quite expansionary, and bond spreads widened out on the back of it. Throw in some toppy inflation numbers and a decent growth backdrop and it is clear that we are nearing a rate hike – if not this month, then soon.
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