Standard Chartered Expects India Rate Hikes From June
Standard Chartered expects India to raise interest rates in June to counter inflation risks. The move follows rising oil prices and a weakening rupee.
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The Reserve Bank of India is expected to raise interest rates by 50 basis points starting in June to combat rising inflation risks. India faces increased price pressure following a 6% drop in the rupee and surging energy costs. Higher borrowing costs aim to anchor market sentiment and protect the currency from further depreciation against the dollar.
