RBI is content to see a relatively stable USD/INR – Commerzbank USDINR Inflation India InterestRate Banks
Economists at Commerzbank expect the Reserve Bank of India to stand pat for now amid a stable“April headline inflation moderated further to the lowest level in 18 months. More importantly, core inflation, which strips out food and energy, also softened to 5.3% from just under 6% previously. This provides RBI leeway on monetary policy. It will reinforce RBI’s bias to leave policy unchanged for now.
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