Stable inflation, slower industrial production raise chances of RBI rate cut
- CPI inflation accelerates to a four-month high of 2.57% in February, while IIP slowed to 1.7% in January
- An RBI rate cut is unlikely to spur investment demand in Indian economy due to the impending elections
New Delhi: India’s retail inflation quickened in February but remained within the central bank’s comfort zone, while factory output weakened in January, leaving enough space for the Reserve Bank of India (RBI) to cut its repo rate on 5 April for the second straight time this year.
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