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RBI to Consider More Rate Hikes, According to Source

  • Reuters cite sources in reporting that the Reserve Bank of India are to consider more interest rate hikes going forward, and are likely to raise their inflation forecast at the June policy meeting.
  • The piece adds that the risk of stagflation in India has increased and that rate hikes are seen "killing demand" in the economy.
  • The report is infitting with the more activist approach of the RBI in recent weeks, after they intervened in currency markets and hiked rates at the beginning of May (from 4.00% to 4.50%).
  • Recall the next RBI meeting is due June 6th - 8th.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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