Tuesday, June 20, 2023

View: India's inflation may have cooled but premature to bet on rate cuts

Consumer Price Index (CPI) inflation was at 4.25% in May, the lowest in 25 months. With the price gauge now not too far from the Reserve Bank of India's target of 4%, it could be reasonable to see markets building up hopes of interest rates being lowered after a year of aggressive policy tightening.

from Economy-News-Economic Times https://ift.tt/63xCjp1
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