Robert Prior-Wandesforde of Credit Suisse feels that the interest rate hikes by Reserve Bank of India (RBI) are likely to impact India's growth story. He expects another 25 basis points rate hike in October 25. However, he told CNBC-TV18, "India might start outperforming early in calendar 2012."
He further said that the rupee may continuing softening and head towards the 50 levels. Here is the edited transcript of his interview. Also watch the accompanying videos. Q: Can we expect more policy from the Fed because this operation twist will extend on to June 2012. Does it give an indication for now that there might be no more action from the Fed?
A: If Chairman Ben Bernanke had his way, we would see an outright QE3 programme, an expansion of the Fed
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