Our inflation and interest rates now depend more on monsoon than crude oil
With crude prices cooling after the West Asia truce, the monsoon—and its impact on food inflation—may become the biggest factor shaping RBI's interest rate decisions in the months ahead.
The News Flicker
With crude prices cooling after the West Asia truce, the monsoon—and its impact on food inflation—may become the biggest factor shaping RBI's interest rate decisions in the months ahead.
Hopefully, the fragile truce will hold, as continued hostilities have adverse implications for both the US and Iran. In India, prices of petrol, diesel, LPG and other fuels increased, adding to infla…
Originally published by Livemint. Read the full article →
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