When hiking interest rates at its most recent meeting in June, the RBI made clear that the future path of monetary policy will be determined in large part by incoming data. With several indicators showing that activity remained strong in Q2 and core inflation surging to a four-year high last month, the stage appears to be set for the central bank to hike rates again at the conclusion of its policy meeting on Wednesday 1st August.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.