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Data● Neutral for Indian equities
India inflation hits 4.8% as price pressures broaden beyond food and fuel: Report
The brief
- India’s inflation rose to 4.8% in August, its highest level since January 2025
- India’s kharif crops output may be lower, crops in winter season also at risk in rainfed areas
- RBI MPC October 2026: Sanjay Malhotra & co may raise interest rates to 5.50% as inflation broadens, poll finds
- Broadening inflation and strong growth add to pressure for an RBI rate hike
- El Nino may turn 'very strong' by late 2026, raising risks for India: IRI
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura