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Published on 14/01/2020 11:20:06 AM | Source: Emkay Wealth Management

Views On CPI numbers by  Dr. Joseph Thomas

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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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