FW: Global Markets Daily: RBI To Hike 25bp

 

 

RBI To Hike 25bp Global Markets Daily by Saktiandi Supaat FX Research Today is decision day for the RBI and we believe that RBI should hike 25bps. The last they did was in Jun and RBI had said that the policy stance was neutral after the hike meaning it could head up or down. There are reasons for the central bank to be cautious as industrial production had been subdued even if its PMI-mfg numbers are solid. RBI's own industrial outlook survey also showed some signs of softening, suggesting that there is limited room to how much the RBI can raise policy ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.