Amid energy, El Nino shocks, RBI may deliver two rate hikes this financial year: HSBC Report
New Delhi [India], May 11 (ANI): The Reserve Bank of India (RBI) is expected to raise interest rates twice in the current financial year FY27 due to inflationary pressures arising from rising energy prices and the possible impact of El Nino weather conditions, according to a report by HSBC.
The report stated that the combination of energy shocks and El Nino-related disruptions could push inflation higher and slow