ANZ analysts point out that India’s headline CPI rose to a 16-month high in October, breaching the mid-point of the Reserve Bank of India’s (RBI) target range of 4% for the first time since July 2018. Key Quotes “The RBI will, however, overlook today’s print which was led by a surge in food prices and focus on narrowing the output gap which we estimate widened further in Q2 FY20.” “We thus maintain our call for a 25bp rate cut at the next policy meeting on 5 December.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next India: Economy has potential, but risks remain – ABN AMRO FX Street 3 years ANZ analysts point out that India's headline CPI rose to a 16-month high in October, breaching the mid-point of the Reserve Bank of India's (RBI) target range of 4% for the first time since July 2018. Key Quotes "The RBI will, however, overlook today's print which was led by a surge in food prices and focus on narrowing the output gap which we estimate widened further in Q2 FY20." "We thus maintain our call for a 25bp rate cut at the next policy meeting on 5 December." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
