Economic dataBusinessLine
Oct inflation breaches 6% as G-Sec yields harden
Negative-52
GreyOak summary
October retail inflation in India reached 6.09%, breaching the RBI's 6% upper tolerance limit. Market players anticipate a 25 bps repo rate hike to 5.75% in December. The rupee weakened to 94.24 against the dollar due to rising crude prices and the inflation data.
What it affects
- CPI inflationNegative -52
October inflation breached 6% mark at 6.09%.Rolling sentiment Negative -54
