Final RBI rate hike likely tomorrow; 2 rate cuts in Q1 and Q2 CY24 expected: Upasana Chachra
Morgan Stanley’s Chief India Economist, Upasana Chachra, expects inflation to be around 5% or a little below for fiscal year 2025, which will allow for a gradual and shallow rate cut cycle. She also expects RBIto hike interest rates by 25 basis points, which is considered to be the last rate hike cycle in this cycle. The RBI can start a rate cut cycle but only from the first quarter of next year, she added.
