HSBC expects RBI to raise rates by 50 basis points in fourth quarter
Updated : September 17, 2018 02:45 PM IST
HSBC expects the repo rate to reach seven percent by the end of this year.
The firm said that the measures introduced to boost higher inflows are likely to materialise only if other factors such as the global market environment, become favourable and the investors are keen to invest in India again.
The financial house is expecting the rupee to reach 73 and expect the depreciation pressures to persist.