3 hours ago
The RBI had also revised the Q1 and Q2 growth projections for FY27 by 20 bps, citing various factors, including the trade deals with the United States (US) and the European Union (EU)
 "Industrial workers resist any change to CPI‑IW because their dearness allowance (DA) is tied to it and they fear that shifting to a new or different index could reduce the allowance")
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The next policy action is more likely to be a rate increase as and when inflation numbers rise, depending on prevailing conditions. However, over the next three to four months, an extended pause is expected, they said.
Anjali Kumari Mumbai
Economists expect a prolonged pause in the policy repo rate following the release of the new Consumer Price Index (CPI) series, which shows an upward trend in inflation and does little to materially alter the Reserve Bank of India’s (RBI) near-term projections.
