Economic dataCNBC-TV18
Retail inflation likely to hit 6% in October
Negative-16
GreyOak summary
A CNBC-TV18 poll indicates India's retail inflation is expected to reach 6% in October, driven by food prices rising to 8.5%. This reading hits the RBI's upper tolerance limit, influencing the upcoming December 4 monetary policy decision. Core inflation is projected to remain steady at 4.51%.
What it affects
- CPI inflationNegative -16
Expected to hit 6% in October.Rolling sentiment Negative -64
- RBI policy rate and stancePositive +11
Decision focus for December 4.Rolling sentiment Negative -41
- RBI regulationPositive +6
Upper tolerance limit of 6%.Rolling sentiment Positive +33
