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India seen starting rate hike cycle as inflation widens
Original: India seen kicking off rate hike cycle as inflation broadens, peers turn hawkish
India is expected to begin raising interest rates as price pressures spread beyond food and fuel and other central banks in the region turn hawkish. Economists point to broadening inflation as leaving the Reserve Bank of India little room to stay accommodative, with global peers already moving to tighten policy.
Why now: Markets are bracing for the Reserve Bank of India's next policy decision amid rising inflation and tightening by other central banks.
Evidence
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