The Economic Times

RBI rate hike: Interest burden for Indians may go up later this year amid inflation risks

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising concerns over domestic inflation could lead to increased rates in the future. Revisions to FY27 economic growth projections indicate a stronger demand trend, while external accounts are anticipated to show improvement with a reduced current account deficit.