CPI and IIP numbers By Mr. Rahul Gupta, Emkay Global
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views On CPI and IIP numbers By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services
CPI
"There’s has been a significant rebound in February inflation figure to 5.03% from 4.06% in January, mostly on the back of rise in food inflation and fuel. The rising global crude prices will continue to add inflationary risks going ahead and CPI will remain elevated. Currently CPI is within RBI’s target range but at the April meeting, the central bank will have to tackle with increasing inflation and rising bond yields, as cascading impact may slow India’s growth.”
IIP
" The January industrial output has contracted by -1.04% and it’s a negative surprise from 1% in December. The manufacturing activity still looks strong and there’s high demand so the growth will remain afloat.”
Above views are of the author and not of the website kindly read disclaimer
