India's consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India's upper tolerance limit for the first time this year, a Reuters poll of economists found.
The data is due at 1200 GMT on April 12, less than a week after the RBI surprised markets and analysts by holding its key interest rate steady at 6.50% when most expected a 25 basis point rise.
If realised, this would be the only month this year so far inflation is reported below the 6.00% RBI upper tolerance limit. Sujit Kumar, economist at Union Bank of India, said vegetables and fuel likely pulled inflation down, as well as the fact the base from a year ago was particularly strong. "We think the RBI's stance is somewhat risky, with inflation having proven far stickier than the Bank should be comfortable with," noted Mitul Kotecha, head of emerging markets strategy at TD Securities.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video Shows 80-Year-Old Woman Put in Chokehold During Queens Bank RobberyAn 81-year-olld woman was choked and held hostage during a frightening bank robbery caught on camera in Queens, with the suspect still on the loose — and considered armed and dangerous
Read more »
Inside 80 for Brady’s Most Surreal and Guy Fieri–est Moments“[Marshawn and Rita] hit it off behind the camera and now they text each other, just to check in.”
Read more »
These 81-year-old best friends traveled the world in 80 days | CNNA pair of 81-year-old best friends from Texas toured the world in 80 days, adventuring from the beaches of Bali to the deserts of Egypt.
Read more »
'Traveling grannies': These 81-year-old best friends traveled the world in 80 daysSince that first venture, the pair have visited 18 countries across all seven continents, often while clad in matching T-shirts.
Read more »
These 81-year-old best friends traveled the world in 80 daysA pair of best friends from Texas are proving that adventure doesn't have an age limit -- even when you're 81.
Read more »
These 81-year-old best friends traveled the world in 80 daysA pair of best friends from Texas are proving that adventure doesn't have an age limit — even when you're 81.
Read more »