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Nomura expects RBI to keep rates steady in February

Published 12/19/2018, 10:32 AM
© Reuters.  Nomura expects RBI to keep rates steady in February
  • Nomura expects RBI to not cut rates in February MPC meeting on the ongoing concern about upside risks to inflation and the growth outlook.
  • Shaktikanta Das, the recently appointed RBI governor along with the MPC will be less hawkish at the next meeting expecting change in policy stance to neutral in February or April.
  • The analyst differs from MPC's view of optimistic growth assessment and does not expect higher inflation as global crude prices are likely to stay low along with food inflation.
  • Analyst expects inflation around 4% in 2019.
  • Source: Bloomberg FW
  • Now read: The INDA ETF Could Incur More Pain Ahead


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