 "RBI, bank employees, strike, demonetisation")
A day ahead of RBI's annual monetary policy for 2017-18, CRISIL on Wednesday saw pressures on inflation building up and said that there is a case for RBI's stance to be disinflationary which could hurt the economic growth in near term. This implies that RBI might not cut rates on Thursday.
In a research note it projected the consumer price index (CPI)-based inflation to average five per cent in 2017-18, which would be 30 basis points higher than the previous year's.
Crisil further said that the monetary policy might have to clearly articulate the glide path to rein in CPI
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