New Delhi: India's GDP growth in the second quarter of FY2026-27 came in significantly above the Reserve Bank of India's (RBI) 7 per cent forecast, prompting expectations of a gradual rate-hiking cycle, according to a HSBC Global Investment Research report.
The report expects the RBI to raise the repo rate by 25 basis points twice in FY27, taking it to 5.75 per cent, as economic growth remains strong and inflationary pressures persist.
