Quote on IIP and CPI : With September retail inflation rising to 7.41% the RBI has a major challenge ahead Says Dr. V K Vijayakumar, Geojit Financial
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Quote on inflation data IIP and CPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"With September retail inflation rising to 7.41% the RBI has a major challenge ahead. The MPC will have to continue raising rates most likely by 50 bp in the next meeting and this will adversely impact economic growth which is already showing signs of deceleration. The contraction of industrial output by 0.8% in August is an indication of a slowing economy. The slowing global economy is another major headwind for growth. The RBI will have to do a major balancing act to contain inflation without hurting growth. Even though the inflation and IIP numbers are negative from the market perspective, the market behaviour in the short run is likely to be impacted more by news from the mother market US,i.e, news regarding US inflation and interest rates"
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