Bankinter : The Royal Bank of India (RBI) meets expectations and maintains the benchmark interest rate at 6.50%.
It has revised its inflation forecasts upwards for the coming quarters: +4.4% in Q3 versus 3.8% previously and +4.7% in Q4 versus +4.6% previously. It maintains its growth forecast for this fiscal year at +7.2%.
Opinion of Bankinter’s analysis team: No surprises. We estimate that it will keep them at the current level (6.50%), at least for this year, with inflation still at the high end of the central bank’s target range (2.0%/6.0% target) and strong economic growth.
