Economic TimesLean R·
Banks tone down rate-hike bets as RBI sounds dovish on prices
Some banks now anticipate fewer policy rate increases from the Reserve Bank of India. Yes Bank and State Bank of India have revised their earlier rate hike forecasts. MUFG Bank has also pushed back its expected policy rate hike timing. Other banks maintain their forecasts for cumulative rate increases this fiscal year. Inflation projections remain sensitive to future crude oil price movements.
Read at Economic Times →
