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Inflation still well below target Consumer price inflation in India rose last month but the headline rate remains below the RBI’s target, while core inflation is no major concern. An August rate cut is almost certain. Headline inflation rose to 3.2% y/y …
12th July 2019
PMI readings not a barrier to policy loosening India’s manufacturing PMI reading remained consistent with decent output in June but it is unlikely be a barrier to further policy loosening. There is a high chance that a looser fiscal stance will be adopted …
1st July 2019