RBI Preview: Forecasts from six major banks, final strike India USDINR InterestRate Macroeconomics Banks
by the economists and researchers of six major banks for the upcoming central bank's meeting.
RBI is expected to hike the repo rate by 25 basis points to 6.5%. At the last meeting on December 7, the bank hiked rates by 35 bps to 6.25%.“We expect RBI to hike rates further, albeit by a slower pace of 25 bps to 6.50%. This follows the aggressive hikes last year of a total of 225 bps. RBI could continue to signal further hikes, albeit more gradually, but it could still provide some support for INR.
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