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Below is the Views On CPI numbers by Dr. Joseph Thomas, Head of Research - Emkay Wealth Management.
“ CPI at 7.5%, broke the ceiling, going beyond the RBI tolerance limit of 6%, fully reflecting the recent uptrend in food prices. While fruit and vegetable prices may come down as these crops have short cultivation cycles, the rise in prices of pulses may stay on for more time. While the RBI may not a hike the policy rates in the immediate future, it may not be able to cut the rates either. While the circumstances around likely fiscal slippages may have an adverse impact on interest rates, the inflation level would add to these worries in the immediate term.”
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