HSBC: RBI predicted to cut rates by December 2024

Pranjul Bhandari, chief India economist at HSBC, gives her take on what sectors to keep an eye on in India and believes that while core inflation is currently below target, the Reserve Bank of India will only cut rates by December 2024 when the more sensitive food inflation moderates due to improving weather conditions.

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Pranjul Bhandari, chief India economist at HSBC, gives her take on what sectors to keep an eye on in India and believes that while core inflation is currently below target, the Reserve Bank of India will only cut rates by December 2024 when the more sensitive food inflation moderates due to improving weather conditions..