More RBI Rate Hikes Ahead? PPFAS Mutual Fund CIO Shares His Outlook

Will the Reserve Bank of India hike interest rates further as inflationary pressures intensify? Tejas Soman, CIO - Debt at PPFAS Mutual Fund, expects the RBI to raise rates further this financial year, citing rising crude oil prices, fertiliser costs and the broader spread of commodity inflation. He believes the central bank may prioritise financial stability while keeping inflation close to its 4% target. With inflation risks building and economic growth remaining resilient, the RBI could continue normalising interest rates. Soman also highlights India's growth outlook of around 7%, suggesting that further tightening may be possible without significantly hurting economic momentum. What could this mean for bond markets, borrowing costs and investors? Watch the full conversation for his outlook on the RBI's next moves.