Economic dataBusinessLine
ICICI Bank: Food inflation high, RBI may raise 25 bps
Positive+51
GreyOak summary
ICICI Bank reports that food inflation rose to 8.9% in October, driven by a weak monsoon and crop shortfalls. With retail inflation breaching the RBI's tolerance band, the bank predicts rates will rise by 25 basis points in December to cool prices.
What it affects
- ICICI BankICICIBANKPositive +51
ICICI Bank released an inflation report.Rolling sentiment Neutral +14
Source
Read the original at BusinessLineMore ICICI Bank news
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