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The RBI's Monetary Policy Committee voted 5-1 to keep the repo rate at 6%, with one member favouring a cut. The committee raised its CPI inflation forecast for the second half of fiscal 2017/18 to 4.3-4.7%, citing food and fuel prices.
Rising inflation with policy on hold points to a firmer rate path, which tends to support the rupee but raises domestic feed and food input costs.
think.ing.comDec 6, 2017Not 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.
