Crude above $100 could push inflation to 6%; RBI may hike rates 50 bps: Kotak Securities
The elevated crude oil prices pose a direct threat to India's macroeconomic stability, with retail inflation projected to inch toward the 5.8 to 6.0 per cent mark by next quarter if prices stay elevated, according to Anindya Banerjee, Head - Commodity and Currency, Kotak Securities.
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