Quick Reactions on CPI data May 12 : With CPI within the RBI's tolerance range, RBI can now focus on growth and forex By Dr Vikas Gupta, OmniScience Capital
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Below is View on CPI data by Mr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
"With CPI within the RBI's tolerance range, RBI can now focus on growth and forex. While RBI still needs to be watchful for some more time on inflation, by and large the RBI can now move its focus away from controlling inflation. Since the INR is proving quite resilient so far against the USD, it will be interesting to see the RBI policy actions to promote growth "
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