Neutral to hawkish overtones from Reserve Bank of India

NEW DELHI - The Reserve Bank of India (RBI) has released the minutes of its Monetary Policy Committee (MPC) meeting held earlier this month. ANZ Bank says that, on aggregate, the minutes highlight a neutral-to-hawkish undertone.

“We concur with the upside risks underscored by the MPC and expect inflation to rise to 5.4% in FY2018 from 4.6% in FY2017, ANZ says.
“We continue to expect a status quo on rates in FY2018.”  www.live.anz.com (ATI).