INSUBCONTINENT EXCLUSIVE:
- fish and egg prices due to disruption in transportation caused by excessive and unpredictable rains
While the RBI (Reserve Bank of India) will continue to provide comfort on the liquidity front, it makes sense to take a pause in the rate
cutting cycle.""The need of the hour is to boost investment confidence at the individual sector level through corrective measures and a
India needs to focus on growth and arrest the deflationary trends."Madhavi Arora, economist, Edelweiss Securities, Mumbai:"We think the
current underlying growth-inflation mix continues to be favourable for counter-cyclical monetary stance.""The domestic demand state, as
reflected in various activity indicators, has weakened further in recent months, while fragile external growth backdrop convolutes the
domestic slowdown further
We think the monetary accommodation has further steam of 50-65bps cut more in the cycle, contingent on data outcomes.""We will closely watch
out for the evolution of inflation amid various domestic and global idiosyncrasies, and fiscal fragilities that could impact the MPC's
(Monetary Policy Committee's ) reaction function."Get Breaking news, live coverage, and Latest News from India and around the world on
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