Primary Articles Inflation – released every week – is now at 10.6% for Oct 1, down from the 10.84% the earlier week.
The big number – the monthly inflation number that is significant because it has, apart from Primary Articles and Fuel, the 65% weighted Manufactured Goods data. They’re expecting a lower number – 9.6% – which isn’t low enough for the RBI to stop raising rates. I have a feeling they’ll keep raising till, at the very least, the repo rate is greater than inflation numbers.
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