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
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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