The RBI didn’t throw up any surprises this week when it kept the repo rate on hold at 6.50% and maintained a hawkish tone. But recent developments related to minimum support prices and monsoon rains support our view that headline inflation will remain within the RBI's target range. As such, the next move in policy rates is likely to be down.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services