RBI seen keeping rates unchanged in December – UOB

Pablo Piovano FXStreet

The RBI is expected to keep the steady hand at its meeting next week, according to Economist at UOB Group Lee Sue Ann.

Key Quotes

“The decelerating COVID-19 infections in India, coupled with the gradual increase in vaccination rate, are key evidence of a COVID-19-resilient environment. We thus believe that the RBI will likely floor its policy-rate at 4.0% for the rest of this year.

”Owing to the better prognosis thus far, we pencil a rate hike of 25 basis points in the fourth quarter of next year.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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