Inflation horse brought to the stable; has to be kept on a tight leash: RBI

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Inflation horse brought to the stable; has to be kept on a tight leash: RBI - Business Standard

Quick Summary:

This has opened the door for a potential rate cut in December 2024, if the lurking risks to inflation, both domestic and global, do not materialise.

Too low food prices are also a negative for farmers," wrote Sonal Varma, chief economist for India and Asia ex-Japan at Nomura in a recent note co-authored with Aurodeep Nandi.

The RBI has cut its CPI inflation forecast for the first quarter of fiscal year 2025-26 (Q1-FY26) to 4.3 per cent from 4.4 earlier.