Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts

Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)

The rise in consumer price index (CPI) inflation could see the Reserve Bank of India (RBI) in an extended pause mode as regards interest rates, and in turn, keep the market rally in check, believe analysts. 

Signs of inflation cooling off in the US, however, is likely to provide some cushion as the expectations of a change in stance by the US Fed as regards interest rates is likely to aid sentiment.

Back home, CPI inflation surged for the first time in five months to