Will India follow Indonesia in raising interest rates?

Rate hike seen: The front of the RBI building in New Delhi. More economists are betting the central bank will raise interest rates, possibly as early as its next policy decision on June 6. — Reuters

Both countries under pressure as investors dump bonds and stocks

MUMBAI: All eyes are on India’s central bank to see if it will follow Indonesia in raising interest rates to help calm financial markets amid an emerging-market rout.