RBI Has One More Hike for Struggling India Assets: In Charts
- Headline inflation has come down but core remains sticky
- Rupee languishes near its record lows against the dollar
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A weak currency and faltering stock market provide the backdrop for what’s likely to be the Reserve Bank of India’s final policy hike of this tightening cycle. The median forecast is for a 25 basis points increase in the repurchase rate to 6.5% on Wednesday, after RBI Governor Das pointed to sticky core inflation.
The hiking cycle has already brought 225 basis points of tightening since last April: