However, the consumer price index (CPI) is expected to moderate to 5-6% in the second half of FY24.
The investment bank said despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from Jan-March 2024. It also expects the recent trend in inflation to undergo broad-based moderation, and the possibility of a delayed start in the rate-cut cycle.
In a report titled 'Assessing Risks to Inflation Trajectory', Morgan Stanley said it expects India's CPI during July to be around 6.2-6.4%.
Denne historien er fra August 03, 2023-utgaven av Mint Mumbai.
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Denne historien er fra August 03, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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