According to that poll, any cut would come towards the end of the year, by which time there would be a clear indication of whether India had a good monsoon, crucial in a country where most of the population depends on agriculture and which will keep food inflation in check.Having sunk to its lowest level for at least five years in January, consumer price inflation is expected to have risen to 3."Signaling its worries about inflation, the Reserve Bank of India surprised markets last week in raising the secondary reverse repo rate by 25 basis points to 6.Indias central bank raised its inflation projections for the 2017/18 fiscal year starting April, expecting the index to average 4.
Adverse base effects will underpin the fuel and commodity related components, though the sharp rupee gains will help cap imported price pressures.65 per cent, according to the median forecast of 30 economists.00 per cent.55 percent in February, according to Tuesdays poll.Industrial output is seen rising 1.Such an uptick in prices could force the RBI, which ended a long easing cycle in February by changing its policy stance to neutral from accommodative, to raise interest rates for the first time in over three years.0 per cent in the second, taking it above the RBIs medium-term target.Bengaluru: Indias inflation is seen climbing to within touching distance of the Reserve Bank of Indias 4 per cent medium-term target in March, driven by higher food costs, a Reuters poll found, backing policymakers decision last week to move to a defacto tightening bias.7 per cent in January, the poll found..Wholesale price inflation is expected to have slowed last month, to 5. It kept the key policy repo rate unchanged at 6.25 per cent.98 percent from 6.The March inflation foldable gazebo rate is due to be released at 1200 GMT on April 12.5 per cent in the first half and 5.That is in contrast to a recent Reuters poll in which economists indicated borrowing costs would more likely fall than rise.
