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HSBC lowers India's growth forecast to 6.2%

HSBC on Friday lowered India's economic growth forecast for this fiscal to 6.2 per cent, from 7.5 per cent earlier, saying slower progress in 'supply-side reforms' and 'protracted global recovery'...

No reason for RBI to cut rates, says HSBC

Leading foreign lender HSBC said on Thursday it sees little chance of a rate cut by the Reserve Bank of India next week, as nothing on the fiscal or inflation fronts has changed from the...

Current account deficit likely to be at 4.8%: HSBC

India's current account deficit, which hit record high of 6.7 per cent in December quarter, is likely to be around 4.8 per cent of GDP in the March quarter, HSBC said in a research note.Though...

Inflation easing yet it isn't time to bet on rate cuts

The clamour for rate cuts became louder after January's headline inflation stood at 6.5 per cent. However, what makes January's print more relevant is for the first time in 12 months, 'core'...

HSBC pegs FY14 GDP at 6.9% on reform push

HSBC on Thursday said the Indian economy, which is projected to grow at 5.7 per cent this fiscal, is likely to grow at a faster pace next fiscal at 6.9 per cent following the recent spate of policy...