CPI data showing
Food inflation came down , will RBI rate cut possible?
The main news for today were IIP and CPI data.The index of industrial production (IIP) in January stood at positive 0.1 percent, highest since September 2013. Eleven out of twenty two industry groups in the manufacturing sector witnessed positive growth in January as compared to the corresponding month of the previous year. The mining sector grew 0.7 percent versus 0.4 percent (MoM).
RBI rate cut
Consumer price index (CPI) for February, which is a precursor to the RBI policy on April 1, slowed to 8.10 percent from 8.79 percent in January. February CPI food inflation eased to 8.57 percent versus 9.9 percent on a month-on-month basis (MoM). Still it is above 8 percent which is not favorable and RBI rate cut cannot be expected at this time. RBI has history of surprising the market with its unpredictable nature
RBI rate cut
Consumer price index (CPI) for February, which is a precursor to the RBI policy on April 1, slowed to 8.10 percent from 8.79 percent in January. February CPI food inflation eased to 8.57 percent versus 9.9 percent on a month-on-month basis (MoM). Still it is above 8 percent which is not favorable and RBI rate cut cannot be expected at this time. RBI has history of surprising the market with its unpredictable nature
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