Sunday, October 14, 2018

SBI reports says that RBI is unlikely to raise rates this year.

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According to SBI, the Reserve Bank of India is not expected to hike key lending rates in the current fiscal.

CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a decline, even as headline registered an increase.

The core CPI inflation declined to 5.81 per cent in September 2018 from 5.92 per cent in August 2018. They expect CPI for FY19 at 4.2 per cent. The inflation trajectory projection makes them believe that rate hike is now off the table in FY19.

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