Axis Capital sees higher odds of an October RBI hike
Axis Capital said an October Reserve Bank of India rate hike could gain traction as inflation pressures build and headline inflation rises, with underlying price pressures edging higher.
Axis Capital said the odds of an October rate hike by the Reserve Bank of India are rising as inflation pressures build, and said such a move could gain traction if the Fed hikes rates. The firm said the case for an October move is strengthening as headline inflation rises and underlying price pressures edge higher.