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.