Key Points
A sizzling heat wave in large parts of the country will raise concerns for Indias policymakers already grappling with sticky inflation, potentially pushing back the timing for interest rate cuts, economists said...
The nations weather office on Monday predicted hotter-than-usual temperatures across the country in the three-month period through June, with a high probability of heat wave episodes lasting as long as 10 to 20 days in certain regions...
A heat wave could potentially slow the disinflation process and keep prices of vegetables elevated, Teresa John, an economist at Nirmal Bang Institutional Equities Pvt, said by phone..
The pace of inflation in India has remained above the central banks 4% target for the last few months, giving policymakers reason to remain cautious..
We expect rural demand is likely to stay cautious, Aditi Nayar, an economist with ICRA Ltd., said by phone, adding that the central bank will watch these developments closely..
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