India’s RBI Seen to Keep Raising Key Rate at Next Two Meetings
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The Reserve Bank of India may sustain its monetary tightening although at slower tempo to achieve a neutral rate of interest, according to Madhavi Arora, an economist at Emkay Global Financial Services Ltd.
“We still have 50 to 60 basis points of rate hikes to go for them to be able to reach a neutral level of real rates,” Arora said in an interview with Haslinda Amin and Rishaad Salamat on Friday.