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A Reuters poll expects the Reserve Bank of India to hold rates in August and deliver its first cut in the fourth quarter. Inflation hit a five-month high of 5.08% in June, well above the central bank's 4% target.
Sticky Indian inflation and delayed easing keep borrowing costs high, which can slow domestic demand for poultry and dairy feed; the effect on grain prices is limited.
reuters.comAnant ChandakJul 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
