Fitch expects RBI to hike repo rate to 5.9% by Dec-end on worsening inflation outlook2 min read 14 Jun 2022, 03:18 PM IST
In Fitch's opinion, the Indian economy faces drawbacks such as a worsening external environment, elevated commodity prices, and tighter global monetary policy.
There is room for another 1% hike in key interest rate by end of this year. Fitch Ratings expects RBI to raise the policy repo rate further to 5.9% by December 2022 due to a deteriorating inflation outlook.
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