Quote on Retail inflation: This will enable the RBI to go slow on rate hikes Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Retail inflation By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"CPI inflation at 5.72% in December confirms the downtrend which started in November. This will enable the RBI to go slow on rate hikes. Along with easing inflation IIP rising to 7.1% in November reinforces the growth rebound story in India. This means India can achieve 6% GDP growth rate in FY 24 despite the global growth slowdown."
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