Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug

India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di

India’s central bank may signal the start of a normalization of its accommodative monetary policy at its August meeting amid accelerating inflation and risks from surging oil prices, according to ICICI Prudential Life Insurance Co.

“We need to prepare ourselves for a rise in interest rates, starting with a rise in the reverse repo rate,” said Arun Srinivasan, head of fixed income at the company, one of India’s top private life insurers, that manages funds worth 2.14 trillion rupees ($29 billion) “The signs point to it.”

India’s retail inflation crossed outside the central bank’s 2%-6% comfort zone recently, pushing yields higher