Ahead of RBI Meeting S&P says Indian Inflation Likely Above RBI’s 2022 Upper Tolerance Limit

Headline Consumer Price Inflation (CPI) is likely to remain outside the RBI’s upper tolerance limit of 6 per cent until the end of 2022 S&P Global Ratings said in quarterly economic update for Asia-Pacific Monday. The Reserve Bank of India meets on Friday with consensus split between expecting the RBI to hike by 35 or 50bps. With the US dollar on a rampage the resumption of currency weakness may move the needle to higher hikes. The rupee depreciated over the … Continue reading “Ahead of RBI Meeting S&P says Indian Inflation Likely Above RBI’s 2022 Upper Tolerance Limit”