MUMBAI: India's central bank will likely begin hiking rates in December or later as core inflation in the economy remains low, four economists said on Thursday, pushing back calls for tighter monetary policy in Asia's third-largest economy.
The Reserve Bank of India maintained the status quo on rates on Wednesday, and revised down its average retail inflation forecast by 10 basis points to 5% for this fiscal. It also slashed its core inflation projection by 40 basis points to 4.3%.
