India’s consumer price inflation likely rose to 4.80% in June, ending a five-month decline. Vegetable prices surged due to extreme weather conditions affecting crop production. Economists expect core inflation to remain flat at 3.10%. Stay tuned for the official data release on July 12.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,