Broadening inflation and growth build case for India RBI tightening
Nearly half of India's inflation basket categories now rise 4% or more year on year, while 38 of 61 economists in a Reuters poll expect a 25-basis-point RBI hike on Oct. 5-7.
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Broadening inflation, robust growth, global hikes build case for India RBI tightening
By Jaspreet Kalra, Shubham Batra and Dharamraj DhutiaBroadening inflation, resilient economic growth and a growing chorus of global rate hikes are leaving India's central bank with little reason to hold borrowing costs steady at its October policy meeting.The Reserve Bank of India is facing a mark…