INSUBCONTINENT EXCLUSIVE:
On October 5, the RBI belied market expectations of a rate hike.The Reserve Bank of India (RBI) is not expected to hike key lending rates in
the current fiscal, a SBI Ecowrap report said on Saturday."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 report
said."Meanwhile, core CPI inflation declined to 5.81 per cent in September 2018 from 5.92 per cent in August 2018
We expect CPI for FY19 at 4.2 per cent
Our inflation trajectory projection makes us believe that rate hike is now off the table in FY19."On October 5, the RBI belied market
expectations of a rate hike
It held the key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish in its stance, moving to
TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
