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Citi, others dial back India rate hike calls as inflation expected to stay moderate
Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose to 4.38% in June, exceeding the RBI's target. Core inflation remained around 4%, suggesting a lower annual average. This shift means the Reserve Bank of India may not tighten policy soon. Future rate hikes depend on sustained core inflation above 4.5%.
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thehindubusinessline.com
Retail inflation likely to have breached 4% mark in June
Retail inflation is projected to exceed 4% in June, driven by rising food costs and global fuel price impacts.
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newsbytesapp.com
India's inflation likely to cross 4% mark
India's June CPI is projected at 4.24%, exceeding the Reserve Bank of India's 4% target for the first time in 18 months, following a recent fuel price hike.
