Barclays estimates a 50 basis points hike by RBI in June Monetary Policy; likely to lower FY23 growth to 7%
RBI MPC: The Reserve Bank will opt for a larger, 0.50 per cent, hike in key rates at its next monetary policy review in June to protect medium term economic stability in face of the uncomfortable inflation situation, British brokerage firm Barclays said on Thursday
On the growth front, it said the RBI will do a downward review of its FY23 GDP expansion to 7 per cent from the earlier 7.2 per cent. Source: Reuters