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Policy▲ Bullish for Indian equities
RBI rate hike, FCNR(B) inflows set to boost bank margins and profitability
The brief
- Anticipated RBI benchmark rate increases and FCNR(B) inflows are expected to boost bank margins and profitability
- Higher margins could benefit Indian banks, while rate hikes may pressure borrowers
- India's $133 billion cash deluge puts RBI on a more hawkish policy path
- A weak rupee would push RBI to follow tightening path
- BOJ debated more rate hikes, scope for faster move at Sept meeting, summary shows
- RBI MPC meet: Why your borrowing costs may go up from October
- India bonds end choppy quarter at over 2-year lows as rate hike bets mount