Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep

Quick Summary:

The committee also maintained its retail inflation forecast for FY25 at 4.5 per cent.

In October, the MPC moved to a neutral stance from its earlier “withdrawal of accommodation” while keeping the policy rate steady at 6.5 per cent for a 10th straight meeting.

RBI Governor Shaktikanta Das last week had warned that October’s inflation print would likely surpass September’s, suggesting that a rate cut remains off the table despite the MPC’s shift in policy stance.

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Category: BusinessFinance

Markets: India

Topics: Cpi Iip Inflation

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-11-12 @ 23:07:21 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 669 words

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