Katya Naidu03 Apr 2024, 09:51
The ongoing heatwave conditions, and projections of a harsher summer, are likely to impact India’s agricultural output, leading to rising food inflation. This, among others, is expected to weigh heavily on the rate-setting panel or monetary policy committee (MPC) meeting that will start today. Core inflation, however, has been easing, and LPG price cuts are also expected to add to the disinflation process, albeit modestly.