​RBI’s hawkish stance, rise crude prices could delay monetary easing

​“ Elevated food and oil price risks amid still-resilient growth suggest policy easing will be delayed. We are pushing out the first rate cut from February to April, while retaining our forecast for 100bp of cuts in 2024” said a note by Nomura Research. “ Supply-side inflation shocks on food and oil are the key risks to our baseline”.

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