Barclays Bank:India's Inflation will continue to accelerate, fiscal risks are picking up and financial asset prices are headed south, in our view.; WPI inflation could hit 17% by September 2008; Our end-2008 repo rate forecast is 10.5-11.0% versus market expectations of 9.5%; The rate currently stands at 8.5%.; Our forecast for the FY 08/09 fiscal deficit is 3% of GDP versus the government’s 2.5% of GDP; Expect USD/INR to rise to 44 in the next few weeks and to 46 within the next six months.
Friday, July 11, 2008
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