BofA predicts RBI will maintain rates, anticipates 50-bps increase starting December
According to BofA Securities, the Reserve Bank of India is likely to maintain its current policy rates for the time being. The brokerage firm anticipates a total rate hike of 50 basis points beginning in December 2026, driven by rising domestic inflation concerns, especially those linked to weather patterns. Additionally, BofA has upgraded its GDP growth projection for FY27 to 6.9% from the previous 6.5%, pointing to a boost in investment and consumer demand.
by shortkt.com✓