CPI cools down to bring in some relief Says Mr. Vivek Goel, Tailwind Financial Services
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Below View On CPI inflation By Vivek Goel, Co-founder and Joint Managing Director, Tailwind Financial Service Pvt Ltd
CPI inflation easing from 6.44% in February to 5.66% in March comes as reprieve after 2 months of surge beyond RBI upper tolerance level of 6%.
This helps in strengthening markets' hopes that RBI pause in this month’s policy might end rate hikes. Bond prices which had rallied post the RBI policy should be further helped by this latest CPI print.
However, we do note that it is too early to consider this as inflation coming back in control. Upside risks remain in the form of food inflation from erratic weather patterns, commodity inflation due to uncertainty in oil prices and global volatilities leading to imported inflation."
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