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Retail inflation seen cooling to new record low in May: Reuters poll

RBI will be on wait and watch mode, but probably cut rates by end of this year, says Karan Mehrishi

Reuters 

Inflation in India is expected to have cooled to a new record low in May, a Reuters poll found, which could add pressure on the Reserve Bank of India to cut interest rates later in the year. The consumer price index likely rose 2.60 per cent in May from a year earlier, dipping from 2.99 per cent in April, due to a fall in the cost of pulses, cereals and perishable goods, according to the poll of 25 economists. That would be the lowest level since the series began in 2012 and remain below the RBI's medium-term target of 4.0 percent for the seventh successive ...

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First Published: Fri, June 09 2017. 13:47 IST
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