Quote on CPI Inflation : The RBI`s projection of 5.2% CPI inflation for FY 24 appears to be on track Says Dr. V K Vijayakumar, Geojit Financial
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Quote on CPI Inflation By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The MPC has received an endorsement of their decision to pause the rate hike with the March CPI inflation slowing down to 5.66 % in March from 6.44% in February. The RBI’s projection of 5.2% CPI inflation for FY 24 appears to be on track. Core inflation for March,too, has declined to 5.8% from 6.1% in February. This is good news from the market perspective. Bulls can take the rally forward on the assumption that we are at the peak of this rate hiking cycle.
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