Epic Update : GDP growth

[Epicresearch123]

Some investors have been optimistic a weak growth number would persuade the RBI to lower interest rates at its September 17 policy meeting, but the bank's recent comments remain hawkish in the face of stubbornly high inflation.

"The RBI still maintains a hawkish bias and rate cuts are still seem some way off. Asian data momentum has not been great in Q3 so it is difficult to see a dramatic improvement in Q3," said Jonathan Cavenagh, a currency strategist at Westpac, Singapore.