Emkay Global: RBI May Revise FY24 CPI Estimates Upwards

The video discusses the Reserve Bank of India's (RBI) cautious stance due to inflation concerns, primarily driven by volatile food prices. It highlights the global and domestic factors affecting inflation, with a focus on perishables like tomatoes. The RBI's inflation and growth forecasts are likely to be adjusted due to unexpected inflation spikes. The video also covers the RBI's intervention in currency markets to stabilize the rupee and the impact of foreign investments. Finally, it addresses the timeline for potential rate cuts, suggesting they may be delayed until next year due to ongoing inflation risks.

What are the expected trends in food inflation for the upcoming financial quarter?

How has the RBI's intervention affected the liquidity in the Indian market?

What are the potential future actions of the RBI regarding interest rates based on the current economic situation?