RBI expected to go for 3 rate hikes from December quarter: Report
Morgan Stanley in its report further noted that, "as the economy enters into a full-fledged recovery, we expect the central bank to embark on a shallow rate hike cycle beginning October-December of 2018." The report said a recovery in private capex is likely later this year and this will boost economic growth
In 2018-19, Morgan Stanley has predicted three rate hikes, taking the terminal policy rate to 6.75 per cent. Image source: Reuters