Published on 13/09/2022 10:39:49 AM | Source: Millwood Kane International

Perspective on RBI MPC announcement By Mr. Nish Bhatt, Millwood Kane International

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Below is Perspective on RBI MPC announcement By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International.

“ It's a double whammy of sorts on the economic data. On a downward slide since April, the CPI rose in August to touch a 7% level. Primarily the rise is due to food, vegetable, and pulses that has led to a rise in CPI. Higher energy prices also pushed inflation higher.

The industrial production data too had a negative reading. After double-digit growth in May and June, the July industrial output has to 2.4% making it a 4-month low. Higher crude, LPG, and commodity prices dragged the industrial output. The falling crude and commodity prices may offer a respite for the CPI as well as IIP data going forward. This latest economic data will have a bearing on the MPC meet later this month. Central banks across the globe are raising rates, and curtailing system liquidity to tame the rising inflati.”


Above views are of the author and not of the website kindly read disclaimer