September inflation hits 9-month high: Will it delay RBI's rate cut plans?
Business | October 15, 2024 13:48 ISTIndia’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
India’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
Inflation Issue: RBI MPC member Bhide said the high inflation rate is mainly a consequence of exogenous price shocks.
Quarterly earnings of HDFC, Adani Power, Hero MotoCorp and M&M would remain in focus this week.
Benchmark indices Sensex and Nifty Tuesday retreated from their record highs and closed lower as investors booked profit in recent outperformers like auto and IT stocks ahead of the RBI monetary policy outcome.
The reverse repo rate falls to 5.75 percent.
This is the benchmark's biggest fall since March 23, when it had lost 409.73 points.
Sensex today closed at 32,575 and the Nifty at 10,115 as investors wait for the outcome of the RBI policy meet tomorrow.
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