HSBC Forecasts RBI Rate Hikes Amid Rising India External Balance Pressures
Economic Outlook and Monetary Policy Pranjul Bhandari, Chief India Economist at HSBC, projects that the Reserve Bank of India (RBI) will implement two interest rate hikes as the nation navigates a complex fiscal environment heading into FY27. This shift in monetary policy comes as India grapples with significant pressure on its external balances, driven by…