India’s manufacturing PMI reading edged up in March and points to healthy growth in the sector. This should provide some added source of comfort to the RBI to hike rates again this Thursday. But the survey also shows that prices pressures are well past the peak, supporting our view that the tightening cycle won’t run any further than this week.
EM Drop-In (6th Apr.): Our latest EM online briefing is all about the risks around the recent bank turmoil, including potential economic spill-overs and the state of EM bank balance sheets. Register now.
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