Repo rate likely to be at 7.75% by FY14-end: Rajeev Malik

Indian policy makers and investors are underestimating the pressure on the currency and local interest rates from global liquidity tightening, says Rajeev Malik, CLSA.

September 23, 2013 / 10:01 IST

Rajeev Malik, CLSA said, "We maintain our non-consensus view that the repo rate will be raised to 7.75 percent by FY14-end and to 8.25 percent by mid-FY15."

"Indian policy makers and investors are underestimating the pressure on the currency and local interest rates from global liquidity tightening. RBI's guidance was hawkish. While not explicitly targeting CPI inflation, the increased focus on retail inflation is welcome," he added.

first published: Sep 23, 2013 10:01 am

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