For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    India's Retail Inflation Likely To Rise In Nov: Poll

    By Religare
    |

    An economic poll has suggested that India's retail inflation rate is likely to rise above the Reserve Bank of India's medium-term 5 per cent target in November as food prices climbed, leaving little room for more interest rate cuts.

    India's Retail Inflation Likely To Rise In Nov: Poll
    According to the survey of 21 economists, consumer prices rose 5.4 per cent last month, which marked an acceleration from 5.0 per cent in October.
     

    As per reports, falling commodity prices have fueled a global disinflationary trend and pushed Indian inflation down, giving the RBI room to ease monetary policy four times this year, but rate cuts could now be less forthcoming.

    Commenting on the issue, India economist at Societe Generale Kunal Kumar Kundu told the media, "At this point in time, given the inflation expectation, we really do not see any space for a RBI rate cut."

    As per reports, looser policy from the RBI has helped India's economic growth outpace China's last quarter, and data due on Friday should show it entered the current quarter in good health.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more