The Reserve Bank of India (RBI) kept the repo rate on hold at 5.50% and maintained its “neutral” policy stance today, despite India already being hit by a 25% US tariff with the potential for it to rise further if Trump follows through on his latest threat. This reinforces our non-consensus view that the easing cycle is at an end.
Note: we will be online to discuss India’s macro and markets outlook and to take your questions at 9am BST/4.00pm SGT on Thursday 14th August. Register for the event here.
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