Inflation Forecast And Expectations

Market participants expect the benchmark yield to open around 6.85 per cent on Tuesday

RBI Governor Shaktikanta Das said last week that food price volatility remains a concern

"I believe that greater economic stability as a result of securing room for monetary policy responses will have significant positive effect on firms as they formulate their business plans," Ueda said

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Turkey sharply raised the country's inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official Gazette

India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P

Powell is doubling down on the US central bank's new policy framework

The sustained food disinflation is likely having a salutary impact on expectations