RBI's caution against inflation may halt rally in FMCG stocks: Analysts

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RBI's caution against inflation may halt rally in FMCG stocks: Analysts - Business Standard

Quick Summary:

RBI on inflation: The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the October monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said.

A Reuters poll of 48 economists, thus, forecasts retail inflation to jump to 5.04 per cent for the month, up from 3.65 per cent recorded in August and 3.54 per cent in July.

On Wednesday, RBI Governor Shaktikanta Das pointed out that core inflation, which excludes food and fuel prices, was on an uptrend in July and August even as headline consumer price index (CPI) inflation decreased during this period.