Inflation to be below 5%, room for RBI rate cut: HSBC
Inflation is likely to remain below the RBI’s early 2017 target of 5% for the next 12 months, opening up space for a rate cut by the central bank by 50 basis points (0.5%), an HSBC report has said. Further, the global financial services major estimated a balance of payments (BoP) surplus of $25 billion in the current fiscal year.