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Feb 14, 2018
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Inflation peaking off; RBI may cut rates by 25 bps in August
Inflation is peaking off and the Reserve Bank of India is expected to cut rates by 25 bps in August if monsoon is normal, says a report. According to global financial services major Bank of America Merrill Lynch (BofAML), inflation risks are overdone. January inflation stood at 5.1 per cent, a shade below December's 5.2 per cent, and BofAML is tracking February inflation at 4.7 per cent with tomato/onion prices slipping.
Source -
https://timesofindia.indiatimes.com
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