Higher MSPs could spur inflation in FY19: Nomura
Higher MSPs and increased food-linked fiscal costs are an upside risk to the inflation outlook, due to which RBI is likely to keep policy rates on hold through 2018, Nomura says
New Delhi: Widespread rural discontent and its electoral implications prompted the government to promise higher support prices to farmers in the Union budget, which could push up retail inflation by 0.6% year-on-year in 2018-19, Nomura research said in a note on Monday.
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