RBI Monetary Policy: CLSA’s Indranil Sengupta expects RBI to hike reverse repo rate by 15 bps

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The Economic Times


Speaking to ET NOW, Indranil Sengupta, Economist and Head of Research, CLSA India says he expects RBI to hike reverse repo rate by 15 bps and by 100bps over the entire fiscal. He says high oil prices will lead to more of capital outflows. He foresees 10 year paper at 7.5% by end of year. The RBI has greater headroom to buy GSecs, he adds, He is certain that RBI will have to hike inflation forecast. He forecasts GDP at 7.4%. He says not to attach importance to stance, the stance is more noise, what matters are the rates.



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