Economic dataMoneycontrol
Oct inflation crossing 6% strengthens case for Dec rate hike
Negative-51
GreyOak summary
India's retail inflation reached 6.09% in October, breaching the RBI's 6% upper limit due to rising food prices. Experts anticipate the central bank will raise the repo rate by 25 basis points in December to maintain a tightening bias. While Brent crude prices cooled to $93, economists warn inflation may remain elevated due to supply-side pressures.
What it affects
- CPI inflationNegative -51
October inflation rose to 6.09 percent.Rolling sentiment Negative -65
- RBI policy rate and stanceNegative -51
Experts expect a 25 bps hike in December.Rolling sentiment Negative -44
