RBI may raise interest rates starting June, says Standard Chartered
pre-market1 source ↓written by the desknot a recommendation
- split between June
- 50 bps hikes
- is set
- 5 June
India's central bank is likely to raise interest rates as early as June due to rising inflation risks from higher crude prices, according to economists at Standard Chartered. They anticipate 50 bps hikes split between June and August, contingent on inflation trends. The RBI's rate decision is set for 5 June.
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