It is widely expected that the RBI would hike rates by 35-50bps despite believing that inflation has peaked in India. This is because the central bank will need to ensure that there is an interest rate differential between India and the US to attract dollars at a time when the country is expected to witness a record current account deficit and may have to dip into reserves to maintain the balance of trade.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YQc0qjK
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