RBI’s June policy minutes suggest the Reserve Bank of India’s (RBI) monetary policy committee (MPC) remains ‘data dependent’ and does not see the June hike as the start of a meaningful tightening cycle, notes the research team at Nomura. Key Quotes “Indeed, MPC members retained their neutral stance due to “uncertainty” on oil prices, among other factors. There has been no clarity on whether a hike will be delivered in August, which, in our view, will depend on how oil prices, core inflation and inflation expectations behave in the run-up to the meeting.” “We believe India will remain in the high growth/high inflation phase in the next 3-4 months before entering into a phase of moderating growth (and inflation) in H2 FY19. We believe the RBI will look to frontload its tightening by hiking the repo rate by 25bp in August, before voting to pause.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tron price analysis: TRX/USD stays below $0.05, as the transition to mainnet starts FX Street 3 years RBI's June policy minutes suggest the Reserve Bank of India's (RBI) monetary policy committee (MPC) remains 'data dependent' and does not see the June hike as the start of a meaningful tightening cycle, notes the research team at Nomura. Key Quotes "Indeed, MPC members retained their neutral stance due to "uncertainty" on oil prices, among other factors. There has been no clarity on whether a hike will be delivered in August, which, in our view, will depend on how oil prices, core inflation and inflation expectations behave in the run-up to the meeting." "We believe India will remain in the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
