Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

India Insights

Monthly update on India markets
30 June 2022
    Download the full reportPDF, 2.37MB


    • Consumer inflation in India has breached the RBI’s upper tolerance level of 6 per cent for 5 months in a row
    • The RBI announced an off-cycle rate hike of 40 basis points in April; and a further 50 basis-point hike when the regular MPC meeting convened in June
    • Food prices have been a major driver of overall inflation, given the category’s large weight (54 per cent) in India’s consumer price index
    • The RBI’s primary focus now is to anchor long-term inflation expectation to safeguard against the threat of run-away inflation, additional rate hikes are expected during the rest of the year