
The Reserve Bank of India said it remains committed to bringing inflation back to its 4% target on a durable basis after its June 5-7 policy meeting. It kept its FY25 CPI projection unchanged at 4.5%, and noted that food inflation remains elevated.
Persistent food inflation keeps India's policy stance cautious, which can influence rupee and domestic food demand but has little direct effect on global grain prices.
After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
After 152 past macro events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.1%), and -0.7% over 20.
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.