HSBC Sees Higher Chance of RBI Rate Hikes as India CPI Hits 5.5%
India’s retail inflation rose to 5.5% in September from 4.8% in August, HSBC said. The bank said sustained elevated readings would strengthen the case for further Reserve Bank of India rate hikes.
8% in August, according to HSBC, with price pressures becoming more broad-based. The bank said that if the next few readings stay elevated, the case for further Reserve Bank of India rate hikes will strengthen and could also offer some suppo…