India Faces Oil, Inflation Risks, RBI May Hike Rates 75 BPS: Steve Englander
India faces mounting economic headwinds from elevated crude oil prices, rising inflation and rupee weakness, even as domestic demand and services support growth. Steve Englander, Global Head of G10 FX Research and North America Macro Strategy at Standard Chartered Bank, tells NDTV Profit that the Reserve Bank of India could raise interest rates by 75 basis points over the coming year. He also discusses foreign capital outflows, global uncertainty, the IMF’s growth forecast upgrade for India and the pressure on Asian markets from concerns over artificial intelligence valuations and competition in the semiconductor industry.
