India: Upside risks build as price pressures broaden – Societe Generale
Societe Generale economist Kunal Kundu expects India’s April headline Consumer Price Index (CPI) inflation to rise to 3.9% year-on-year from 3.4% in March, driven by food-and-beverages and fuel components.
The anticipated rise in CPI inflation may lead to a depreciation of the Indian Rupee as investors adjust their expectations for monetary policy tightening. Increased price pressures could prompt the Reserve Bank of India to consider raising interest rates sooner than expected.
Societe Generale economist Kunal Kundu expects India’s April headline Consumer Price Index (CPI) inflation to rise to 3.9% year-on-year from 3.4% in March, driven by food-and-beverages and fuel components.
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