India's inflation outlook and potential rate hikes with crude above $100
The Economic Times, citing Kotak, reports that crude above $100 may push India's inflation to 6% and that the Reserve Bank of India could raise rates by half a percentage point.
TLDR
The Economic Times, citing Kotak Securities' Anindya Banerjee, reports that India's retail inflation could approach 5.8%–6.0% if crude prices remain elevated. It also says, citing Kotak, that the Reserve Bank of India could raise rates by 50 basis points—half a percentage point.
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