Quote on Market 11 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"As softer than expected US inflation data suggested a slower pace of rate hike, the global market encouraged optimism. US CPI inflation smoothened to 8.5% in July as lower energy prices offset increase in food and shelter cost. Domestic investors await the release of India’s inflation data due today, which is expected to show a decline in inflation trend on a MoM basis."
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