Hitendra Dave, CEO of HSBC India, believes inflation is likely to undershoot RBI projections. However, for the RBI to take any further rate action, the bar is quite high—it would require a significant undershoot.

Hitendra Dave, CEO of HSBC India, believes inflation is likely to undershoot RBI projections. However, for the RBI to take any further rate action, the bar is quite high—it would require a significant undershoot.