India Inflation Slowdown, Manufacturing Surge Keeps RBI on Watch
- Consumer-price growth eases to within 2-6% RBI target band
- Economists don’t expect interest rate cuts until 2H next year
Vegetables at a wholesale market in Ahmedabad, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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India’s inflation slowed sharply, while manufacturing production surged more than forecast, giving the central bank reason to keep interest rates unchanged for longer as it assesses the outlook for the economy.