Rating agency Crisil Principal Economist D K Joshi said there is a strong possibility of interest rate hike by the RBI in January. Inflation should now occupy more weight for the government.
HDFC Bank Chief Economist Abheek Barua: The case for a rate hike remains... Perhaps, the government could shift focus to inflation now. Yes Bank chief economist Shubhada Rao: Clearly these strong GDP numbers give a green signal for some tightening and we maintain our earlier call of a CRR hike by 50 bps by December/January. We however, we expect policy rates to be tighten only by April.
Financial services giant Nomura: We are revising up our GDP growth forecast for FY10 to 7 per cent from 6 per cent, taking into account recent upside surprises in agriculture and industrial output and emerging signs of a recovery in the services sectors.
Goldman Sachs: “We expect 300 basis points of effective tightening in policy rates in calendar year 2010, starting in January, in part by moving the effective policy rates from the reverse repo rate to the repo rate,” it said.
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