Economists see waning urgency for India's RBI to go for large hikes

Economists have started paring expectations on the size of India’s future interest rate hikes, with half-point moves seen dispensable, after consumer prices rose less than expected in June.
 

Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India’s next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc on the back of prices trending lower. 

The predictions follow Tuesday’s consumer price print that came in at 7%, a tad slower than expected. RBI Governor Shaktikanta Das, who led the MPC in raising rates by 90 basis points this year