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Published on 12/02/2020 6:23:14 PM | Source: Emkay Global Financial Services Ltd

Views Quote On IIP and CPI Numbers By Mr. Rahul Gupta

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Below is the Views Quote On IIP and CPI numbers By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services

“ The sharp spike in food inflation has led India’s Jan CPI to breach a six-year high of 7.59% compared to 7.35% seen in Dec. It is the consecutive second month, that CPI has breached the upper band of RBI’s inflation target. While, unexpectedly IIP has contracted to 0.3% in Dec from 1.8% in Nov. Due to higher inflation, RBI has been maintaining a status quo since Dec 2019, if inflation continues to hover above 6%, we don’t expect RBI to cut interest rate or change its accommodative policy stance.”

 

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