RBI may revisit 'withdrawal of accommodation' stance by September: SBI Research
RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban inflation and variability affecting Central India, Odisha, Bihar, and Karnataka. Services inflation, IIP, manufacturing, and electricity grew.
RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban inflation and variability affecting Central India, Odisha, Bihar, and Karnataka. Services inflation, IIP, manufacturing, and electricity grew.
