RBI may hike rates further to check inflation, says HSBC
Updated : June 25, 2018 01:28 PM IST
The Reserve Bank of India is expected to push key policy rates higher again in order to keep inflation in check, says an HSBC report.
Earlier this month, the central bank had upped its retail inflation projection by 0.30 per cent and kept the policy stance in the neutral zone, even as it hiked the key rate by 0.25 per cent to 6.25 per cent.
The global financial services major believes there is room for further rate hikes.