India looks to rains, not just rates, to cool hot inflation3 min read . Updated: 15 Jun 2022, 01:28 PM IST
With 75% of India's price acceleration expected to come from food items, the focus for central bankers will be on the success of monsoon rains to boost production and replenish stockpiles, which would ease supply constraints and anchor price expectations.
As India faces a crippling surge in food and fuel prices, its policymakers will be counting mostly on this year's monsoon rains, not just interest rate hikes, to take inflationary pressure off the country's households and businesses.
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