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Market move▼ Bearish for Indian equities
Pulses prices surge up to 11% in a month as festive demand, crop concerns bite
The brief
- Wholesale prices of key pulses rose up to 11% over the past month
- Festive demand and crop concerns contributed to the increase
- Higher pulse prices may add to food inflation and pressure Indian consumer-facing companies
- 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