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Growth concerns to dominate decision making, expect 25bps repo rate cut

Saturday, November 30, 2019, 7:47 PM

The recent October consumer price index(CPI) print breached the RBI Monetary Policy Committee's (MPC) medium-term inflation target of 4% and their estimate, as set in the previous policy by over 60bps. The October inflation of 4.6% overshot the 4% mark for the first time since July 2018. Given the continued spike in vegetable prices, headline CPI inflation would track 5.3% in the coming month.