Citi Scraps Calls for RBI Hikes as Iran Deal Cools Price Risks
AI Summary
Economists at Citigroup Inc. have abandoned their recommendation for two interest-rate hikes by India’s central bank due to an interim US-Iran peace deal, which has lowered the likelihood of higher oil prices driving inflation. This shift reflects a more stable outlook on global oil markets, potentially easing inflationary pressures in India. The decision underscores the significant influence of geopolitical events on economic forecasts and monetary policy.
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