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The Reserve Bank of India is widely expected to keep its policy rate unchanged at its October 4 meeting after the August 25bp cut to a repo rate of 6%. Inflation rose to 2.4% in July while GDP growth slowed to a three-year low of 5.7% in the April-June quarter.
Concerns about a fiscal slippage in FY2018 also complicate the central bank's stance.
Policy on hold with weak growth and rising inflation leaves the rupee exposed to capital flows, which affects the cost of imports for Indian buyers. Direct effects on grain or oilseed prices are minor.
think.ing.comViraj Patel Foreign Exchange StrategistSep 29, 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.
