Market Quote : India`s CPI inflation, due to be released today, is anticipated to exceed the RBI`s Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 14 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note. India's wholesale inflation persisted in negative territory, albeit moderating to -1.36%, as the decline in fuel prices was counterbalanced by higher food costs. India's CPI inflation, due to be released today, is anticipated to exceed the RBI's tolerance level of 6% due to mounting pressure from elevated food prices."
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