inflation concerns and less on growth – which should underpin the rupee, economists at Commerzbank report.“Although it remained accommodative, RBI said it will focus on the ‘withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.’ It took an initial step by introducing the Standing Deposit Facility.”
“Given the hawkish tilt, we could see up to 50bp hike in the second half of the year, beginning possibly in August. This could provide some support for INR or at least restrain the upside inInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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