India rate cut bets fall as recovery gains hold, inflation stays high

Though the central bank is unable to hike rates due to the impact of the Covid-19 pandemic on economic activity, it would still be mindful of the long-term impact of negative real interest rates on the economy, economists believe. High inflation is a risk the RBI cannot afford to ignore, Nomura economists wrote in a note.

from Economy-News-Economic Times https://ift.tt/2KdWqDr