RBI may delay June rate hike amid inflation concerns
after close1 source ↓written by the desknot a recommendation
- could prompt
- 4.5%
Samiran Chakraborty, Chief Economist at Citi India, suggests that the RBI is unlikely to raise rates in June despite rising inflation risks from higher crude oil prices. Current liquidity is comfortable, with CPI inflation at 3.48%, below the RBI's 4% target. However, sustained core inflation above 4.5% could prompt a reassessment.
Not investment advice. For informational purposes only.