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Bad news for the RBI - looks like the Bank....>

INDIA
INDIA: Bad news for the RBI - looks like the Bank will be kept waiting a little
longer as they watch for inflation to pull lower and give them the greenlight
for easing rates in the coming months.
- The inflation mix is key now. It's thought the upside prices pressures could
dissipate in the coming months thanks to a sharp slowdown in food prices (many
watch onion prices as leading indicator for this). If this fails to materialise,
could really limit the RBI's room to manoeuvre.
- Next rate decision due April 3rd.
- Indian January CPI +7.59% Y/Y vs. Exp. +7.40%
- Consumer food price inflation +13.63% vs. Prev. +14.19%

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